TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Political party income exempt under Section 13A only if proper books, audits, records, and contribution limits maintained</h1> Any income of a political party from house property, other sources, capital gains or voluntary contributions is excluded from its total income if the party maintains proper books and records, audits its accounts, records the name and address for each voluntary contribution exceeding twenty thousand rupees (except electoral bonds), and receives no donation over two thousand rupees except by account-payee cheque, bank draft, prescribed electronic mode or electoral bond. Exemption is denied if the party's treasurer or authorized person fails to submit the required annual report, and the party must file its return by the prescribed due date.
TaxTMI 
TaxTMI 
