Search results
Results from the WOW.Com Content Network
The tax benefit is capped at ₹1.5 lacs per financial year. PPF falls under the EEE (Exempt, Exempt, Exempt) tax basket. Contribution to the PPF account is eligible for tax benefit under Section 80C of the Income Tax Act in the old Tax Regime. Interest earned is exempt from income tax, and maturity proceeds are also exempt from tax. [3]
Political funding in India is a major concern under need for electoral reforms in India. The financing of the world's most extensive electoral process remains a perplexing issue, as the involvement of businesses in supporting both disclosed and undisclosed expenditures during elections has been a matter of public knowledge for a considerable period.
Part XV of the Constitution of India consists of Articles on Elections. [1] Article 324 of the Constitution provides that the power of superintendence, direction and control of elections to parliament, state legislatures, the office of president of India and the office of vice-president of India shall be vested in the Election Commission .
Interest paid by Infrastructure Development Fund under section 10(47) to non-resident or foreign company – 5% 194LC: Interest paid by Indian company or business trust on money borrowed in foreign currency under a loan agreement or long-term bonds – 5% 195: Interest or other amounts paid to non-residents or a foreign company (except under ...
70. Union public services; all-India services; Union Public Service Commission. 71. Union Pensions, that is to say, pensions payable by the Government of India or out of the Consolidated Fund of India. 72. Elections to Parliament, to the Legislatures of States and to the offices of President and Vice-President; the Election Commission. 73.
Official spending by the Election Commission of India and the Government of India was around Rs. 7,000-8,000 crores [2] —i.e. elections have become very expensive for political parties. The Association for Democratic Reforms (ADR) in a report published on 25 January 2017 states that the total declared income of national and regional parties ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Supreme Court of India has held that where the enacted laws are silent or make insufficient provisions to deal with a given situation in the conduct of elections, the Election Commission has the residuary powers under the Constitution to act as appropriate.The first chief election Commissioner was Sukumar Sen.