Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Electoral trusts contribution rules require approved banking channels, restricted donors, mandatory records, and distribution only to eligible political parties. Electoral trusts may receive voluntary contributions only from specified domestic sources and must issue detailed receipts, accept contributions only through banking channels, and refuse prohibited foreign, non-citizen, Government company and foreign-source contributions. Funds may be distributed only to eligible political parties, with limited management expenditure and a requirement that at least ninety-five per cent of annual contributions and carried-forward surplus be distributed within the financial year. The trust must maintain accounts, contributor and recipient lists, records of meetings, and annual audit and reporting obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electoral trusts contribution rules require approved banking channels, restricted donors, mandatory records, and distribution only to eligible political parties.
Electoral trusts may receive voluntary contributions only from specified domestic sources and must issue detailed receipts, accept contributions only through banking channels, and refuse prohibited foreign, non-citizen, Government company and foreign-source contributions. Funds may be distributed only to eligible political parties, with limited management expenditure and a requirement that at least ninety-five per cent of annual contributions and carried-forward surplus be distributed within the financial year. The trust must maintain accounts, contributor and recipient lists, records of meetings, and annual audit and reporting obligations.
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