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section 13-a - transparency in electoral funding  -

 

According to existing provisions, income received by a political party from House Property, other sources, capital gains and voluntary contributions is exempt subject to certain conditions.

It is proposed to provide that no donation of Rs. 2,000/- or more is received otherwise than by account payee cheque. Return of income should be filed u/s. 139(4-B) by due date.

 

The amendment will be effective from 1st April 2018.


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