Which of the following Incomes of a Political Party is exempt from Income Tax under Section 13A of the Income Tax Act?

CS Executive · Tax Laws · PYQS · December 2023
Which of the following Incomes of a Political Party is exempt from Income Tax under Section 13A of the Income Tax Act?
(A) Income from Other Sources Only
(B) Income from House Property Only
(C) Voluntary Contributions and Capital Gains Only
(D) All the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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