Question

For the purposes of Section 13A of the Income Tax Act, 1961, the word ‘Political party’ means a political party registered under ____.

• A. Section 139(4B) of the Income Tax Act, 1961
• B. Section 16 of the Representation of the People Act, 1950
• C. Schedule 10 of the Constitution of India, 1950
• D. Section 29A of the Representation of the People Act, 1951

Hint:

Tax exemption for political parties applies only to those registered under Section 29A, RPA 1951.

Answer 1

The Correct Option is D

Step 1: Understanding Section 13A.
Section 13A of the Income Tax Act grants exemption to the income of political parties subject to statutory conditions.
Step 2: Meaning of ‘political party’.
For this purpose, the Act adopts the definition of a political party as one registered under Section 29A of the Representation of the People Act, 1951.
Step 3: Conclusion.
Hence, the correct answer is (D) Section 29A of the Representation of the People Act, 1951.