Taxation of Electoral Trust - Section 13B

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Full Text of the Document

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....ed as its income under section 2(24). Contribution for availing exemption under section 13B Any voluntary contributions received by an electoral trust shall not be included in the total income of the previous year of such electoral trust, if:- * Such electoral trust distributes to any political party registered under section 29A of the Representation of the people Act, 1951 during the said pre....