Anti-public exemptions under section 13A, 80GGB and 80GGC of Income Tax causing controversies should be abolished

Kashmir Times. Dated: 12/1/2017 3:25:51 PM

Dear Editor,
It refers to controversy created on Income Tax Department slapping a notice for rupees 31 crore tax-notice to Aam Aadmi Party (AAP) which the party has termed as political vendetta. Contributions made to and received by political parties have always been in big controversies with faulty poll-rules providing existence of about 2000 non-serious political parties most of which have not even contested elections. Evidently such non-serious political parties get themselves registered mainly to whiten their black money through revealing such funds as contributions received as political parties. There are always allegations and counter-allegations amongst political parties on political funding of each other.
Central government in larger national and public interest should withdraw exemptions under sections 13A (contributions received by political parties), 80GGB (contributions made to political parties by companies) and 80 GGC (contributions made to political parties by others than companies) all of which are fully exempted from Income Tax.
Huge revenue so earned will be available for public welfare and national development which in no way is less important than contributions made to political parties. Otherwise also Indian political parties seriously contesting elections are rich enough to do away with such undesired tax-exemption which is grossly misused also.
—Subhash Chandra Agrawal,
1775 Kucha Lattushah Dariba,
Chandni Chowk Delhi.

 

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