Exemption for political party income subject to books, donor records, audit and mandatory return filing requirements. Special provision excludes from a political party's total income amounts chargeable under certain heads and voluntary contributions, provided the party maintains books and documents to enable tax deduction, records each voluntary contribution exceeding ten thousand rupees with donor name and address, and obtains an audit by a defined accountant; the term political party is defined by Election Commission registration.
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.
Exemption for political party income subject to books, donor records, audit and mandatory return filing requirements.
Special provision excludes from a political party's total income amounts chargeable under certain heads and voluntary contributions, provided the party maintains books and documents to enable tax deduction, records each voluntary contribution exceeding ten thousand rupees with donor name and address, and obtains an audit by a defined accountant; the term political party is defined by Election Commission registration.
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