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of <h1>Audit Report Confirms Electoral Trust's Compliance with Rule 17CA; Contributions and Expenses Verified and Documented.</h1> The audit report for an electoral trust, as per rule 17CA of the Income-tax Rules, 1962, confirms that the financial statements, including the Balance Sheet and Income and Expenditure Account, align with the trust's maintained books. The auditor affirms that proper accounting records and documents were received and examined. The report includes details on contributions received and distributed to political parties, administrative expenses, and any transactions with interested persons. It ensures compliance with financial regulations, noting if all contributions were made via account payee cheque or demand draft and whether all necessary receipts and lists of contributors and beneficiaries were maintained.
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