Ummid Assistant

Hajj committee's IAS coaching cell invites applications for new batch

AMU Centre for Distance Education to add five more study centres

Welcome Guest! You are here: Home National

300 parties have never filed tax returns: tax panel

Monday July 18, 2011 09:24:12 AM, IANS

New Delhi: Some 300 Indian political parties have never filed their income tax returns, the Central Board of Direct Taxes (CBDT) has told the Election Commission, official sources said Sunday.

The CBDT investigated the financial transactions of these 300 parties, mostly politically insignificant, after it was asked by the poll panel to probe if these parties were involved in violations of tax laws or engaged in money laundering, official sources said.

After receiving the report, the Election Commission has now asked the tax panel to initiate proceedings against these parties, spread over 13 states including West Bengal and Tamil Nadu, as also the northeast.

These political parties are being seen as a cover to escape taxes as money donated to political parties is exempt of tax.

In the course of the income tax proceedings, these parties would be asked to show cause why they did not file statutory tax returns and what their sources of funds are. An adverse finding by the tax department could lead to the registration of these political parties being cancelled.

Under the law, all the political parties are obliged to file their annual returns showing the sources of funds received by them and their expenditure.

Chief Election Commissioner Y.S. Quraishi had recently noted that 75 percent of registered political parties in the country have never contested an election.












  Bookmark and Share

Home | Top of the Page



Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS




Top Stories

Suspect's death: CID probe ordered

Police Sunday ordered an investigation into the death of a young man who died of brain haemorrhage here early Sunday after being detained for suspected links with the July 13 bomb  

Suspect's death: Neighbor alleges torture, police rubbish charges

RS MP warns against harassment of innocent Muslims on probe pretext


  Most Read

2006 Malegaon blast anniversary: Muslims demand release of local youths

On the fifth anniversary of the 2006 Malegaon blast, Muslim leaders July 17 sat for a dharna 

Agonized families, resolute protesters and barefaced government

'Gita' teaching sparks row in Karnataka

Karnataka's Bharatiya Janata Party (BJP) government has landed in a row over its support to teaching of Hindu holy book 'Bhagvad Gita' in schools. The controversy took a new turn after Primary and Secondary Education Minister Vishwanath Hegde Kageri said July 14 that those opposing the Gita teaching should quit India. 


  News Pick

'Urgent police reforms are need of hour'

The latest terror bombings that ripped through India's financial and entertainment capital have shifted the focus back on the much-awaited police  

E-village programme easies rural people's lives

From acting as electricity bill collection centres, providing mobile phone recharge facilities and even offering e-learning courses in remote villages, the central government's Common Service Centres (CSCs) 

'Merchant-Mushtaq's historic stand in England an inspiration'

As the hallowed turf of Lord's eagerly awaits the 100th Test between India and England, the cricketing world will fondly remember the heroics of two Indian openers - Vijay Merchant and Mushtaq Ali - who came together to post the country's  

Hazare to approach Supreme Court -- to protest

Veteran Gandhian and social activist Anna Hazare said Sunday that he will approach the Supreme Court Monday to ensure that he is allowed to protest Aug 16. "The government says Ramdev's campaign was 


Picture of the Day

Defence Minister of Mozambique Filipe Jacinto Nyusi laying wreath at Amar Jawan Jyoti, in New Delhi on June 28, 2011.

(Photo: Fulchand)



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes










Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.