Taxation of Electoral Trust - Section 13B

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..... ical party registered under section 29A of the Representation of the people Act, 1951 during the said previous year, 95% of the aggregate donations received by it during the previous year along with the surplus, if any, brought forward from any earlier previous year; and Such electoral trust must functions in accordance with the rules made by the Central Government. As per Section 2(22AAA .....

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..... r along with surplus brought forward from earlier years. Exemption u/s 13B is available with respect to voluntary contribution. It is not available with respect to any other income. Thus, any other income of Electoral Trust shall be chargeable to Tax. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagem .....

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