Section 13A of Income Tax Act, 1961

Public Political Party; PPP; www.publicpoliticalparty.com  for the purpose of Section 13A is a political party which is registered under Section 29A of the Representation of the People Act, 1951. Dated: 03 June, 2011.

Section 13A has given 100% exemption to political parties on its income from house property, income from other sources, capital gains and voluntary contributions received from any person.

Public Political Party (PPP) www.publicpoliticalparty.com fulfills the following conditions to get Income Tax Exemption of u/s 13A:

  • Public Political Party (PPP) www.publicpoliticalparty.com maintains books of account and other documents so as to enable the Assessing Officer to deduce its income – It may be noted that Public Political Party (PPP) need not maintain all books of account as mentioned under Section 44AA. It is sufficient if political party maintains only such books for AO to arrive at its income.
  • Public Political Party (PPP) www.publicpoliticalparty.com maintains records of each contribution of more than Rs 20,000 including name and address of the person making such contribution unless the contribution is made by way of electoral bond.
  • Public Political Party (PPP) www.publicpoliticalparty.com does not receive any donation of more than Rs 2,000 otherwise than by way of account payee cheque/demand draft or ECS or through bank account or electoral bond
  • Treasurer/President of Public Political Party (PPP) www.publicpoliticalparty.com in this behalf has furnished a report of donations received in excess of Rs 20,000 to Election Commission of India for the financial year on or before due date for filing the return of income for such financial year under Section 29C of RPA.

E-mail: donation@publicpoliticalparty.com

www.publicpoliticalparty.com