https://www.taxtmi.com/circulars?id=4649 Section 13A exempts from a political party's taxable total income interest, house property income, other sources income and voluntary contributions, subject to book keeping enabling income deduction, records of voluntary contributions above the specified threshold with donor names and addresses, and audit of accounts by a chartered or other qualified accountant; section 37(2B) disallows deductions for advertisements in political party publications and amends section 37(3A)'s adjusted expenditure definition; section 139(4B) requires the party chief executive to file returns if income before exemption exceeds the non taxable limit; wealth tax exemption for political parties is added by section 45(i); effective 1 April 1979. en-us Fri, 11 Aug 1978 00:00:00 +0530 Fri, 01 Aug 2008 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4649 Section 13A exempts from a political party's taxable total income interest, house property income, other sources income and voluntary contributions, subject to book keeping enabling income deduction, records of voluntary contributions above the specified threshold with donor names and addresses, and audit of accounts by a chartered or other qualified accountant; section 37(2B) disallows deductions for advertisements in political party publications and amends section 37(3A)'s adjusted expenditure definition; section 139(4B) requires the party chief executive to file returns if income before exemption exceeds the non taxable limit; wealth tax exemption for political parties is added by section 45(i); effective 1 April 1979. Circulars Income Tax Fri, 11 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4649