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ANONYMOUS DONATIONS EXEMPTION
Action began immediately after SIT report: Yogi Adityanath after arrests in Ram temple donation caseUttar Pradesh Chief Minister Yogi Adityanath has vowed strict action against those accused of embezzling donations at the Ayodhya Ram Templ...- SC seeks govt replieson tax waiver for cash donations to partiesThe Supreme Court is examining a plea to end tax exemptions for political parties receiving anonymous cash donations under ₹2,000. The cour...
- Income tax bill 2025 changes: Commuted pension, house property income, nil TDS, and other changes, you should knowThe revised Income Tax Bill 2025, approved by the Lok Sabha, addresses drafting errors from the previous version, set to take effect on Apr...
- New I-T Bill restores exemption for anonymous donations to trusts, TDS refund claim filing procedureThe Lok Sabha has passed the new Income Tax Bill, retaining ITR filing provisions for TDS claims and tax exemptions for anonymous donations...
- Parliamentary panel suggests relief in refunds to small tax payers if ITR not filed in due timeA parliamentary panel has suggested key changes to the Income-Tax Bill 2025, focusing on clarity and alignment with existing laws. The reco...
- Govt okay with 2K cap for anonymous donationsThe Election Commission had written to the Law ministry last month reminding of its several pending reform proposals -- that political part...
- 3 parties raising over Rs 1,000 crore in poll donations under lensGujarat-based Manav Adhikar National Party, Apna Desh party from Uttar Pradesh and Kisan Party of India from Bihar are currently said to be...
- SC to consider according hearing in January on plea seeking stay on electoral bond schemeA bench, comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant, was told by lawyer Prashant Bhushan that around Rs 6,000...
- Plea in SC seeks stay on implementation of Electoral Bond SchemePlea filed by Association for Democratic Reforms (ADR) said that certain amendments made in Finance Act, 2017 and earlier Finance Act, 2016...
- Non-amended RPA prevents funding transparencyThe promise of clean party funding won't be realised as govt failed to amend a law EC had asked for.
- Ramdev trust wins I-T war on tax-exempt tag for yogaThe ITAT also held that corpus donations aggregating to Rs 43.98 crore received by Patanjali Yogpeeth were capital receipts not liable to I...
- Arun Jaitley warns parties of serious consequences if they violate the latest donation rulesDuring budget speech, FM had announced that the political parties now cannot accept donations more than Rs 2000 from a single source, down ...
- Political parties told to file tax return by December or lose exemptionIt is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make ...
- People may lose faith in poll process: Election Commission"In order to safeguard the core values of fair and free elections..., it is important to have a just and unbiased electoral process," CEC N...
- Government plans threshold for parties to enjoy tax exemption: FMHe said the Revenue Secretary has been asked to look into the issue in the wake of Election Commission's recommendations in this regard.
- Election Commission seeks ban on anonymous contributions to parties above Rs 2000The Commission has also proposed that exemption of Income Tax should only be extended to political parties that contest elections and win s...
- Tax anonymous donation to political party at 30 per cent rate: Assocham"Surprisingly, there is no penalty prescribed for not filing the return of income by a political party in time," Assocham said.
- Election Commission moves to curb anonymous political fundingThe EC of India is in favour of bringing down the political contribution limit at which parties have to identify donors from Rs 20,000 to R...
- Union Budget 2009-10: Cos' political donations get official acceptanceThe Budget has proposed to provide 100% tax exemption to electoral trusts.
- I-T wants to limit tax sops to educational institutionsAfter levying a tax on educational institutions receiving anonymous donations, revenue authorities now want to restrict the scope of other ...
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