Electoral bond tax treatment: face value treated as voluntary contributions affecting income-tax exemption for political parties. The face value of electoral bonds received by an eligible political party is treated as income by way of voluntary contributions, and that classification ... Summary
Electoral bond tax treatment: face value treated as voluntary contributions affecting income-tax exemption for political parties.
The face value of electoral bonds received by an eligible political party is treated as income by way of voluntary contributions, and that classification determines entitlement to income-tax exemption for political parties under the Income-tax Act, 1961.
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