The books of accounts maintained by Janta Vikash Party registered with Election Commission for the year ended 31st March 2021 disclosed the following receipts : Rent of Property let out to a Departmental Store at Bhopal

Computation of Total Income of Janta Vikash Party for AY 2021-22 Particulars Amount (₹) (a) Rent of the property of ₹5,32,000 located at Bhopal [Exempt u/s 13A] Nil (b) Interest received on deposits of ₹14,50,000 [Exempt u/s 13A] Nil (c) Cash Contribution given by 1500 person of ₹10,000 each by secreting their identities (Not allowed as exempt u/s 13A, since cash contribution in excess of ₹2,000 not permissible) 1,50,00,000 (d) Contribution of ₹11 each given by its members being recorded in the books [Exempt u/s 13A] Nil Net Profit of cafeteria at Delhi [Cafeteria run by political party will be treated as Commercial activity and hence Income will not be exempt u/s 13A] 50,00,000 Total Income 2,00,00,000 Note: It is presumed that the conditions regarding maintenance of books of account, audit, submission of report under section 29C of the Representation of the People Act, 1951 and filing of return of income under section 139(4B) are fulfilled by the political party, and hence it is eligible for exemption of income under section 13A.