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of <h1>Income of Political Parties/Trusts Excluded from Taxation If Schedule VIII Conditions Met; Otherwise Taxed</h1> In the computation of total income for political parties or electoral trusts, certain incomes specified in Schedule VIII are excluded from taxation, provided specific conditions are met. If these conditions are not fulfilled in a given tax year, the income will be taxed accordingly. The Central Government holds the authority to establish rules or issue notifications related to this provision as outlined in Schedule VIII.
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