As per Section 17CA of Income Tax Rules (1962), an Electoral Trust (ET) is a non-profit organization established for orderly receipts of voluntary contributions from any person for distributing the same to political parties, registered under Section 29A of the Representation of People Act, 1951.

Objective of Electoral Trust
Electoral Trusts are designed to bring in more transparency in the funds provided by corporate entities to the political parties. The objective of an Electoral trust is not to receive …

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