political parties
Govt plans tax exemption threshold for political parties
Finance Minister Arun Jaitley said many political parties do not contest elections but only accept donations and convert money.
EC: Stop all anonymous donations over Rs 2,000
Urges government to amend laws to cap political contributions.
EC seeks ban on anonymous contributions above Rs 2,000
There is no constitutional or statutory prohibition on receipt of anonymous donations by political parties.
Exemption from tax given to only registered political parties
Meanwhile, CBDT said that there are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties.
Kejriwal demands panel to probe political parties' bank account details
He also questioned Centre’s decision to exempt political parties from paying income tax while depositing old 500 and 1,000 rupee notes.