New Delhi: A whopping INR 2490 Cr of tax exemptions have been given to 10 main political parties of India!! This information has been given from the IT department through an RTI plea. The information is pertaining to last 5 years of IT returns. Of this exemption pie , the ruling party – Congress, and BJP – the main Opposition party – have cornered more than 80 per cent exemptions.
This figure does not include donations or incomes below INR 20000, which means, a large number of small individual donations have not been incorporated into it!!
- Tax exemption to parties in 5 years: Rs 2,490 cr (ibnlive.in.com)
- Tax-exempted income to parties in five years touch Rs 2,490 crore (thehindu.com)
- Rs 2,490 crore of tax exemption to political parties in five years (ndtv.com)
- Tax-exempted income of parties in 5 years touches Rs. 2,490 cr. (thehindu.com)