Income Tax Law
Act 2025/ Part B/ § 12
Income-tax Act, 2025 · Part B — Incomes not to be included in total income of political parties and electoral trusts

Section 12Incomes not included in total income of political parties and electoral trusts

Income-tax Act, 2025 (30 of 2025)
(1)
In computing the total income of any political party or an electoral trust for a tax year under this Act, any income enumerated in Schedule VIII shall not be included, subject to fulfilment of conditions specified therein.
(2)
Wherever the conditions referred to in Schedule VIII are not satisfied in any tax year in respect of any income enumerated in the said Schedule, such income shall be charged to tax under this Act for that tax year.
(3)
The Central Government may make rules or issue notifications for the purposes of this section as specified in Schedule VIII.
This section refers to
§ Schedule VIII INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS
Referenced by
§ 352(4)
§ 355 Interpretation
§ Schedule VIII INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS
Rule 181 Common application for registration of non-profit organisation or for approval for the purposes of deduction under section 133(1)(b)(ii)
Rule 199 Definitions