https://www.taxtmi.com/acts?id=51270 Sections 29B and 29C authorize political parties to accept voluntary contributions from persons and companies subject to the Companies Act, but prohibit contributions from foreign sources; key terms are defined and certain government-funded entities are excluded. Treasurers must annually report contributions above a prescribed threshold from persons and from non-government companies in a prescribed form to the Election Commission by the party's income-tax return due date, and failure to submit the report deprives the party of tax relief under the Income-tax Act. en-us Fri, 09 May 2025 12:04:37 +0530 Fri, 09 May 2025 12:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51270 Sections 29B and 29C authorize political parties to accept voluntary contributions from persons and companies subject to the Companies Act, but prohibit contributions from foreign sources; key terms are defined and certain government-funded entities are excluded. Treasurers must annually report contributions above a prescribed threshold from persons and from non-government companies in a prescribed form to the Election Commission by the party's income-tax return due date, and failure to submit the report deprives the party of tax relief under the Income-tax Act. Act-Rules F. Acts / Amendment Acts Fri, 09 May 2025 12:04:37 +0530 https://www.taxtmi.com/acts?id=51270