Taxation of Electoral Trust - Section 13B

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... treated as its income under section 2(24). Contribution for availing exemption under section 13B Any voluntary contributions received by an electoral trust shall not be included in the total income of the previous year of such electoral trust, if:- Such electoral trust distributes to any political party registered under section 29A of the Representation of the people Act, 1951 during the said pre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rust only when it distributes 95% of the aggregate donation received by it during previous year 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 - Refe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X