occasional paper
INCOME-TAX ON INCOME OF POLITICAL PARTIES.
1963
1 pages
Summary
This one-page Lok Sabha document records Starred Question No. 115, listed for answer on 17 August 1963. Shri Shree Narayan Das, Shri Yashpal Singh, and Shri Sarjoo Pandey ask whether the Government has considered the levy and legality of income tax on the income of political parties, and, if so, what conclusion it reached.
The Deputy Minister of Finance, Smt. Tarkeshwari Sinha, answers that the matter has been considered and states that the income of a political party is not exempt from income tax. The document presents no further explanation of the governing law, the scope of taxable income, or the Government’s reasoning.
Key points
- The document is a Lok Sabha starred question dated 17 August 1963.
- The question is jointly listed under Shri Shree Narayan Das, Shri Yashpal Singh, and Shri Sarjoo Pandey.
- The members ask whether the Government considered taxing political-party income and the legality of doing so.
- The Deputy Minister of Finance answers that the matter was considered.
- The official answer states that political-party income is not exempt from income tax.
- No details are provided about the legal basis, implementation, or categories of income covered.
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