Donation To Political Parties Not More Than 2000 Per Head

Donation To Political Parties Not More Than 2000 Per Head. Income Tax Department today cautioned people against illegal cash transactions. This includes donations more than Rs.2000 to political parties. 

Donation To Political Parties Not More Than 2000 Per Head

The government notified "electoral bonds" that can be bought from specified branches in SBI. According to the scheme, no person should make a cash donation of over Rs.2000 to a political party. Do not donate over Rs.2k in cash to political parties. The tax department in advertisements issued in leading dailies today. This is the first public advisory that the department or its policy-making body the Central Board of Direct Taxes (CBDT) had issued political donations. The electoral bonds are being pitched as an alternative to cash donations. This will be available at specified branches of the State Bank of India(SBI) for 10 days each in the month of January, April, July, and October. The bonds will be valid for 15 days will not carry the donor's name.