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of <h1>Election Commission Directs Asset Verification for 2014 Candidates; Political Parties to File Returns by June 2015</h1> The Election Commission of India issued instructions regarding the verification of affidavits filed by candidates in the 2014 General Elections to the Legislative Assemblies of Jharkhand and Jammu & Kashmir. The affidavits are categorized based on specific criteria such as significant asset growth, winning candidates, and discrepancies in declared assets. The Income Tax Department is tasked with reporting additional concealment within six months. Additionally, political parties must submit their annual income returns by June 30, 2015, with details uploaded on the Commission's website. The circular outlines the reporting format for defaulting political parties regarding their financial filings.
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