Political party & electoral trust

Under Section 13A of the Income Tax Act, political parties are exempt from paying Income Tax but are required to file their Income Tax returns annually to the Income Tax Department. They enjoy 100% tax exemption from all sources of income.

Similar to the Income Tax Returns (ITR) filed by individual tax payers in India, registered political parties too have to file their Income Tax Returns every year. According to Section 139 (4B), returns of a political party is required to be filed of a particular financial year, audited and submitted by the 30th of September

Ok. Thank you.

So PP&ET are required to get their accounts aduited, hence their due date for filing of return is 30th sep.

But business income (apart from voluntary contributions rcd) of PP is taxable. as sec 13A exemption does not apply to business income of PP.

Also the interest earned on depositing the contributions received by ET is taxable as IOS as Sec 13B exemption does not apply to such income

So @ what rates are the abv income of PP & ET taxable ? It it normal slab rates which are applicable to individuals,HUF,AOP/BOI or @ MMR? Pls clarify this.