Income-tax Act, 1961
Section - 13A - Special provision relating to incomes of political parties
Special provision relating to incomes of political parties.13A. Any income of a political party which 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 not be included in the total income of the previous year of such political party :Provided that-
| (a) | - | such political party keeps and maintains such books of account and other documents as would enable the Assessing Officer to properly deduce its income therefrom; |
| (b) | - | in respect of each such voluntary contribution other than contribution by way of electoral bond in excess of twenty thousand rupees, such political party keeps and maintains a record of such contribution and the name and address of the person who has made such contribution; |
| (c) | - | the accounts of such political party are audited by an accountant as defined in the Explanation below sub-section (2) of section 288; and |
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