Political parties have to file audited returns to avail tax benefit: Govt

TIA NEWS

Political parties have to file audited returns by December every year or risk losing tax exemptions,said Revenue Secretary Hasmukh Adhia told a news agency in New Delhi today.

Mr Adhia said donations to political parties via electoral bonds will be confidential and donor’s identity will not to be disclosed. He said, Finance Bill will amend representation of People Act to keep identity of donors using electoral bonds confidential.