Political Party Taxation

CA Anoop Kumar Sharma , Last updated: 28 May 2024 Share Follow on Google News

Lets break down the rules for how political parties are taxed by CG. Basically, if a political party meets four specific conditions, all income earned is tax-free income. However, income from business or professional activities is still subject to taxes. This means that while political parties get r

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About the Author

CA Anoop Kumar Sharma

Accounts Manager

I Am Anoop Kumar Sharma, a Chartered Accountant Company secretary working in Jaipur at a manufacturing company. My main Job profile role handling the companys finances and making sure we stick to GST rules properly also responsible for keeping our financial records from daily transactions to yearly reports accurate a ... Read more

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