Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Political party income exclusion conditioned on recordkeeping, audit, approved donation modes and timely statutory filings. Section 13A excludes specified categories of political party receipts from total income - including income from house property, income from other sources, capital gains and voluntary contributions - provided the party maintains books and documents enabling the Assessing Officer to deduce income, records contributor details for contributions above the prescribed threshold (other than electoral bonds), has accounts audited by a prescribed accountant, receives donations above the small-amount threshold by approved payment modes, files the annual return on time, and submits required statutory reports; noncompliance negates the exemption for that year.
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.
Political party income exclusion conditioned on recordkeeping, audit, approved donation modes and timely statutory filings.
Section 13A excludes specified categories of political party receipts from total income - including income from house property, income from other sources, capital gains and voluntary contributions - provided the party maintains books and documents enabling the Assessing Officer to deduce income, records contributor details for contributions above the prescribed threshold (other than electoral bonds), has accounts audited by a prescribed accountant, receives donations above the small-amount threshold by approved payment modes, files the annual return on time, and submits required statutory reports; noncompliance negates the exemption for that year.
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