Political Parties cannot receive donation above 2,000 in cash from one person; entitled to receive donations by cheque or digital mode from their donors;. Have to file its Income-Tax Return within the prescribed time limit Banks to issue Electoral Bonds to enable donations to Political Parties

Political Parties cannot receive donation above 2,000 in cash from one person; entitled to receive donations by cheque or digital mode from their donors;. Have to file its Income-Tax Return within the prescribed time limit Banks to issue Electoral Bonds to enable donations to Political Parties https://www.taxtmi.com/news?id=17385 A cash donation ceiling limits what a political party may accept in cash from a single person; donations above that threshold must be by cheque or digital mode. Political parties must file income-tax returns within prescribed time limits. The Government will introduce electoral bonds issued by authorized banks - purchasable by cheque and digital payments only, redeemable into a registered political party's designated account within a prescribed period - enabled by an amendment to the Reserve Bank Act. en-us Wed, 01 Feb 2017 14:27:33 +0530 Wed, 01 Feb 2017 14:27:33 +0530 TaxTMI RSS Generator Political Parties cannot receive donation above 2,000 in cash from one person; entitled to receive donations by cheque or digital mode from their donors;. Have to file its Income-Tax Return within the prescribed time limit Banks to issue Electoral Bonds to enable donations to Political Parties https://www.taxtmi.com/news?id=17385 A cash donation ceiling limits what a political party may accept in cash from a single person; donations above that threshold must be by cheque or digital mode. Political parties must file income-tax returns within prescribed time limits. The Government will introduce electoral bonds issued by authorized banks - purchasable by cheque and digital payments only, redeemable into a registered political party's designated account within a prescribed period - enabled by an amendment to the Reserve Bank Act. News - Wed, 01 Feb 2017 14:27:33 +0530 https://www.taxtmi.com/news?id=17385