News Politics National EC seeks cancellation of tax benefits to 10 political parties

EC seeks cancellation of tax benefits to 10 political parties

New Delhi:  The Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time

ec seeks cancellation of tax benefits to 10 political parties ec seeks cancellation of tax benefits to 10 political parties
New Delhi:  The Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.

The EC, in its latest communication, has asked the Central Board of Direct Taxes to take action against the defaulting parties under provisions of Section 29C (Declaration of donation received by the political parties) of the Representation of the People Act in consonance with I-T laws.