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of <h1>Standardized Process for Electoral Trust Approval Under Income-tax Act Section 139AA with Required Documents and Declarations</h1> The circular mandates a standardized procedure for filing applications for approval of Electoral Trusts under the Income-tax Act, 1961. Applicants must submit a duplicate Form A along with a completed checklist and supporting documents to the jurisdictional Commissioner or Director of Income Tax and a copy to the Central Board of Direct Taxes. The checklist ensures compliance with eligibility criteria, including registration under Section 25 of the Companies Act, the trust's sole objective of distributing contributions to registered political parties, adherence to prescribed rules on contributions, receipts, audits, and record-keeping. Applicants must provide affidavits confirming non-profit objectives, compliance with specific sub-rules, and timely reporting of changes. The circular aims to prevent procedural delays by detailing required documentation, declarations, and verification steps to facilitate efficient processing and approval of Electoral Trust applications.
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