Question

Is it necessary for a political party to file an income tax return?

Answer 1

Answer:

Under Section 13A of the Income Tax Act, political parties are exempt from paying Income Tax but are required to file their Income Tax returns annually to the Income Tax Department. They enjoy 100% tax exemption from all sources of income. 2.

Answer 2

Answer:

s

Explanation:

it is necessary for a political party to file on income tax return