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Section 13A - Special provision relating to incomes of Political Parties

Income Tax - Charitable, Religious, Educational Trust or Institutions or Organizations and Political Parties - 16 - SEC - 13A: SPECIAL PROVISION RELATING TO INCOMES OF POLITICAL PARTIES Any income of a political party which is chargeable under the head Income from house property or Income from other sources or Capital Gains or any income by way of voluntary contributions received by a political party from any person shall not be included in the total income of the previous year of such political .....

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such political party are audited by a chartered accountant; and d) no donation exceeding 2000 rupees is received by such political party otherwise than by an account payee cheque drawn on a bank or an account payee bank draft or use of electronic clearing system through a bank account or through electoral bond. [ Inserted by FA, 2017, w.e.f. 1-4-2018 ] Explanation - For the purposes of this proviso, electoral bond means a bond referred to in the Explanation u/s 31(3) of the Reserve Bank of India .....

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