Electoral Trust - Salient Features

CBDT Notified a procedure for grand of approval to an Electoral Trust vide Notification No. 9/2013 [ F.NO.142/20/2012-TPL] dated 31-01-2013

                     Salient Features :

•         A Company registered under Sec 25 of companies act ,1956 is eligible to make an application   for approval as an Electoral Trust.
• Donors to such Electoral Trust will get 100% tax deduction for their contributions
•         The Electoral Trust must distribute 95% of their annual contribution to eligible political parties 
•         The Electoral Trust is barred from accepting Cash contributions.
•         The Trust cannot accept contributions from foreign individuals (who is not a citizen of india) or foriegn entities
•          To see a copy of noification click :

http://cmaglobal.net.in/OtherpageTheme11024.ASPX?PAGENAME=NGO%20Matters&CompanyID=1577

Compiled By :

CMA Krishna Dasan.A

2,DDA Commercial Complex,

C2C Block, Pocket 2,

Janak Puri, New Delhi-58

Mob: 98711-28831

EMail:aknair2002@cmaglobal.net.in

Website:www.cmaglobal.net.in