Electoral trust exemption requires specified distribution and governance conditions determining taxability of voluntary contributions and investment income. Voluntary contributions to an electoral trust are treated as income but are not included in the trust's total income for a year if the trust distributes the required share of aggregate donations with any carried forward surplus and functions under Central Government rules; other income, including interest from investing donations, remains taxable, and donor deductions are available subject to restrictions on cash donations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electoral trust exemption requires specified distribution and governance conditions determining taxability of voluntary contributions and investment income.
Voluntary contributions to an electoral trust are treated as income but are not included in the trust's total income for a year if the trust distributes the required share of aggregate donations with any carried forward surplus and functions under Central Government rules; other income, including interest from investing donations, remains taxable, and donor deductions are available subject to restrictions on cash donations.
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