Delay in filing audited returns may lead to political parties lose tax exemptions
He alleged that many political parties do not file their Income Tax returns on time yet continue to enjoy exemption from payment of income tax, media reported.
On Wednesday, Union Minister for Finance and Corporate Affairs Arun Jaitely while presenting the General Budget 2017-18 in Parliament said that a political party will have to file its Income-Tax Return within the prescribed time limit.
Image: AIRNews Twitter
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
