https://www.taxtmi.com/circulars?id=4812 Section 13A exempts specified heads of income and voluntary contributions of a political party provided the party maintains adequate books and documents, records donor details for contributions above the threshold, and has its accounts audited by a qualified accountant. Political parties must also voluntarily file annual returns of total income computed without the section 13A exemption when taxable income exceeds the basic exemption, and subordinate units file separately only if they are separately registered or maintain separate accounts. en-us Sat, 02 Mar 1985 00:00:00 +0530 Sat, 02 Aug 2008 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4812 Section 13A exempts specified heads of income and voluntary contributions of a political party provided the party maintains adequate books and documents, records donor details for contributions above the threshold, and has its accounts audited by a qualified accountant. Political parties must also voluntarily file annual returns of total income computed without the section 13A exemption when taxable income exceeds the basic exemption, and subordinate units file separately only if they are separately registered or maintain separate accounts. Circulars Income Tax Sat, 02 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4812