Clarification regarding applicability of Chapter IVD in the case of political parties.

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....the Income tax Act, in the case of political parties. 2. The Board consulted the Ministry of Law and Justice and have been advised that: i) the idea of profession arises from a profit motive. In a political party, as in any a charitable institution, there is no private profit motive nor a possibility of distribution of income among the members. ii) Having kept such income of political parties, ....