Recent amendments for Electoral trusts

Gaurav Jain | Last updated: 26 April 2013

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Note on Electoral Trust With an object to reform the system of funding to political parties , the Finance Act (No. 2), 2009 introduced a set of provisions (Section 13B) for the electoral trust under the Income Tax Act, 1961 (the Act). Section 13B of the Act provides that any voluntary contribution received by an electoral trust (ET) shall not be included in the total income of the Previous Year of such ET, if following conditions are satisfied:- a. The ET is approved by CBDT

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Gaurav Jain

A seasoned Direct tax, International tax and MA Tex professional having experience for more than 8 years across big4, Listed Companies and MNCs.

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Recent amendments for Electoral trusts

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