An electoral trust receiving voluntary contributions for the purpose of distributing to political parties registered under Section 29A of the Representation of the People Act, 1951 must distribute .......... % of such co

CS Executive · Tax Laws and Practice · PYQS · December 2017
An electoral trust receiving voluntary contributions for the purpose of distributing to political parties registered under Section 29A of the Representation of the People Act, 1951 must distribute .......... % of such contributions.
(A) 100
(B) 95
(C) 75
(D) 50

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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