Political party exemption conditions: higher donation threshold and mandatory Representation of People Act report submission to retain income tax exemption. Amendment to section 13A increases the donor-identification threshold, makes availability of the section 13A exemption conditional on the treasurer or authorised person submitting the report under section 29C(3) of the Representation of the People Act for the financial year, and defines 'political party' for section 13A as a party registered under section 29A of the Representation of the People Act, 1951.
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Provisions expressly mentioned in the judgment/order text.
Political party exemption conditions: higher donation threshold and mandatory Representation of People Act report submission to retain income tax exemption.
Amendment to section 13A increases the donor-identification threshold, makes availability of the section 13A exemption conditional on the treasurer or authorised person submitting the report under section 29C(3) of the Representation of the People Act for the financial year, and defines "political party" for section 13A as a party registered under section 29A of the Representation of the People Act, 1951.
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