Get the free Electoral Trusts Scheme 2013 - Manupatra

INCOME TAX NOTIFICATION No. 9/2013 Dated 31st January 2013 In exercise of the powers conferred by clause (22AAA) of section 2 of the Income tax Act, 1961 (43 of 1961), the Central Government hereby

How to fill out electoral trusts scheme 2013

How to fill out electoral trusts scheme 2013:

1. Understand the purpose: Before filling out the electoral trusts scheme 2013, it's important to understand its purpose. The scheme is designed to regulate the funding of political parties through electoral trusts during elections.
2. Gather relevant information: To fill out the scheme, you will need to gather relevant information such as the details of the electoral trust, including its name, address, and registration details. You will also need the details of the political party receiving the funds, including its name, registration number, and address.
3. Fill in the trust details: Start by filling out the details of the electoral trust. This includes providing information about the trustees, such as their names, addresses, and contact details. Make sure to accurately fill in all the required fields.
4. Provide the financial details: The electoral trusts scheme requires you to provide financial information related to the trust. This includes the amount of funds received by the trust, sources of funding, and details of any loans received or guarantees given. Ensure that you accurately report all financial transactions and comply with the regulations.
5. Document verification: After you have filled out all the necessary information, carefully review the form to ensure accuracy. Double-check the details and make any necessary corrections. It's crucial to ensure that all the information provided is valid and not misleading.

Who needs electoral trusts scheme 2013:

1. Political parties: The electoral trusts scheme 2013 is primarily intended for political parties. They need to comply with the scheme's regulations when receiving funds through electoral trusts during elections.
2. Electoral trusts: Electoral trusts, as the name suggests, are entities set up to hold and distribute funds to political parties. They also need to follow the guidelines stipulated under the electoral trusts scheme 2013 when dealing with political donations.
3. Election regulatory authorities: Election regulatory authorities, such as the Election Commission of a country, may also be involved in the implementation and monitoring of the electoral trusts scheme 2013. They enforce compliance and ensure transparency in the funding of political parties.

It's important to note that the electoral trusts scheme 2013 may vary from country to country. Therefore, it is crucial to refer to the specific legislation and guidelines applicable in your jurisdiction.

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What is electoral trusts scheme?

Electoral trusts scheme is a scheme introduced by the government to provide a legitimate way for companies to make donations to political parties in India.

Who is required to file electoral trusts scheme?

Electoral trusts are required to be filed by companies that wish to donate to political parties through the electoral trusts scheme.

How to fill out electoral trusts scheme?

Electoral trusts scheme can be filled out by submitting the necessary forms and documents as per the guidelines provided by the Election Commission of India.

What is the purpose of electoral trusts scheme?

The purpose of electoral trusts scheme is to bring transparency in political funding by allowing companies to donate to political parties through a legal and accountable process.

What information must be reported on electoral trusts scheme?

The information that must be reported on electoral trusts scheme includes details of the donating company, the political party receiving the donation, and the amount donated.