13-a - transparency in electoral
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
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.