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<h1>Income exemption for political parties: specified schedule receipts excluded from taxable income when conditions are met.</h1> Incomes enumerated in Schedule VIII are excluded from total income of political parties and electoral trusts for a tax year if the Schedule's conditions are met; failure to satisfy those conditions in a tax year causes the income to be chargeable to tax for that year. The Central Government may make rules or issue notifications to implement the Schedule's provisions.