Taxation of Political Parties - Section 13A

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..... the head 'income from house property' Income chargeable under the head 'income from other sources' Any income by way of voluntary contribution from any person Any income from capital gain Requisite Condition [First Proviso to Section 13A] (a) Such political party keeps and maintains such books of account and other documents as would enable the Assessing Officer to properly deduce .....

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..... ct, 1934. [ section 13A ] Electroal bond means a bond issued by any scheduled bank under the scheme as may be notified by the Central Government. [ Explanation to section 31(3) of RBI act, 1934] Electoral bond means a bond issued in the nature of promissory note which shall be a bearer banking instrument and shall not carry the name of the buyer or payee; [ Para 2 of Electoral Bond Scheme, 2018 ] .....

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..... n under Section 80GGB / 80GGC from his total income of the donation so made. However, no deduction shall be disallowed under Section 80GGB / 80GGC in respect of donations made in cash. As per land mark Judgement of the case Association For Democratic Reforms Anr. Versus Union of India Ors. - 2024 (2) TMI 812 - Supreme Court (LB) para No. 79. I, therefore, respectfully agree and also conclude that: .....

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