Status of political party

Dear Saleem,

Return under section 139(4B) is required to be filed in FORM No. ITR-7 by a political party if the total income without giving effect to the provisions of section 13A exceeds the maximum amount which is not chargeable to income-tax.

Now at the time of filing return generally the problem arises at the time of filling the staus of the political party. For that u just need to look at the PAN No. of the assesse. The fourth character PAN Card informs about the type of holder of the Card. Each assesse is uniquely Characterised

C — Company

P — Person

H — HUF(Hindu Undivided Family)

F — Firm A — Association of Persons (AOP)

T — AOP (Trust)

B — Body of Individuals (BOI)

L — Local Authority

J — Artificial Judicial Person

G — Government

Generally politicay parties are registered under the status of Association of Persons (AOP), AOP (Trust) or Body of Individuals (BOI).So just look at the PAN No. of the assesse. Your query will be automatically resolved.

Regards

Rohit Gupta

RHT1203 @ GMAIL.COM

Regards