Electoral Trust approval process standardized; checklist and compliance requirements mandated for applications under Section 2(22AAA). Standardizes filing for approval/renewal of an Electoral Trust under Section 2(22AAA) by requiring Form A in duplicate with a prescribed checklist and supporting documents to the jurisdictional CIT/DIT and Member(IT&R), CBDT; the checklist mandates proof of company registration, inclusion of 'electoral trust' in the name, sole object to distribute to eligible political parties, disclosure of shareholders, submission of past returns for renewals, certified constitutional documents, accounts, beneficiary details, and a sworn undertaking to comply with Rule 17CA(2)-(15) including receipt issuance, donor identification, distribution rules, recordkeeping, audit, return filing with Form No.10BC and intimation of shareholder changes.
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Electoral Trust approval process standardized; checklist and compliance requirements mandated for applications under Section 2(22AAA).
Standardizes filing for approval/renewal of an Electoral Trust under Section 2(22AAA) by requiring Form A in duplicate with a prescribed checklist and supporting documents to the jurisdictional CIT/DIT and Member(IT&R), CBDT; the checklist mandates proof of company registration, inclusion of "electoral trust" in the name, sole object to distribute to eligible political parties, disclosure of shareholders, submission of past returns for renewals, certified constitutional documents, accounts, beneficiary details, and a sworn undertaking to comply with Rule 17CA(2)-(15) including receipt issuance, donor identification, distribution rules, recordkeeping, audit, return filing with Form No.10BC and intimation of shareholder changes.
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