https://www.taxtmi.com/acts?id=51804 The Schedule excludes specified income from total income of registered political parties and electoral trusts where political parties maintain books and records, audit accounts, record contributor details for certain voluntary contributions, accept donations above a minimal amount only by prescribed bank/electronic modes or electoral bonds, submit the mandated report under the Representation of the People Act, and file the income-tax return timely; and where electoral trusts distribute a prescribed high-percentage of aggregate donations (including surplus carried forward) to registered political parties and operate under Central Government rules. "Electoral bond" is defined by reference to the Reserve Bank explanation. en-us Thu, 14 Aug 2025 13:10:57 +0530 Wed, 18 Mar 2026 15:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51804 The Schedule excludes specified income from total income of registered political parties and electoral trusts where political parties maintain books and records, audit accounts, record contributor details for certain voluntary contributions, accept donations above a minimal amount only by prescribed bank/electronic modes or electoral bonds, submit the mandated report under the Representation of the People Act, and file the income-tax return timely; and where electoral trusts distribute a prescribed high-percentage of aggregate donations (including surplus carried forward) to registered political parties and operate under Central Government rules. "Electoral bond" is defined by reference to the Reserve Bank explanation. Act-Rules Income Tax Thu, 14 Aug 2025 13:10:57 +0530 https://www.taxtmi.com/acts?id=51804