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TMI BlogAmendment of section 13A.X X X X Extracts X X X X X X X X Extracts X X X X ..... d; (B) the word "and" occurring at the end shall be omitted; (ii) in clause (c), the word "; and" shall be inserted at the end; (iii) after clause (c), the following clause shall be inserted, namely:- '(d) no donation exceeding two thousand rupees is received by such political party otherwise than by an account payee cheque drawn on a bank or an account payee bank draft or use of electroni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich is chargeable under the head "Income from house property" or" Income from other sources" or "Capital gains" or any income by way of voluntary contributions received by a political party from any person shall be excluded in computing the total income of the previous year of such political party subject to the conditions that such political party keeps and maintain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income for the previous year in accordance with the provisions of sub-section (4B) of section 139 on or before the due date as per section 139. It is further proposed to provide that any contributions received by way of electoral bond shall be excluded from reporting as per clause (b) of said section. It is also proposed to define the expression "electoral bond". These amendments will take effe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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