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of <h1>Tax Guidelines for Political Parties: Section 13A Exemptions and Filing Obligations Explained for Income Over Non-Taxable Limit.</h1> Circular No. 412, dated 2-3-1985, addresses the tax assessment and filing obligations of political parties under the Income-tax Act, 1961. Section 13A, effective from 1-4-1979, exempts certain incomes of registered political parties from tax, subject to conditions such as maintaining proper accounts, recording contributions over ten thousand rupees, and auditing by a qualified accountant. Political parties must file annual income returns if their income exceeds the non-taxable limit, excluding Section 13A exemptions. State or district units of national parties may not need separate returns unless registered independently with the Election Commission of India.
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