audit of political party in india

Dear Ajay,

As per Sec 139(4B) of Income Tax Act, a political party is required to file a return of income if the party has taxable income.

In order to avail exepmtion u/s. 13A, the accounts of a political party must be audited. & Due date is 30th Sept. of relevent asst year.

Just go through Sec 13A of Income  tax Act.

Regards