Any voluntary contributions received by an electoral trust not be included in the total income where such electoral trust distributes to any political parties ______ of the aggregate donations received by it during the p
CS Executive · Tax Laws and Practice · PYQS · December 2020
Any voluntary contributions received by an electoral trust not be included in the total income where such electoral trust distributes to any political parties ______ of the aggregate donations received by it during the previous year along with the surplus, if any, brought forward from any earlier previous year. A political party, for this purpose, means a political party registered under section ______ of the Representation of the People Act, 1951.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Exemptions and Deductions
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