Key Points
The Income Tax Department has sent notices to a number of taxpayers who made donations to political parties that are registered, but not recognised by the Election Commission..
The notices sent to individuals and corporates are for donations made in FY21 and FY22, to find out whether such payments to lesser-known political parties were used to evade tax and launder money, said people aware of the details...
ET has seen some of the notices sent under Section 80GGC of the Income Tax Act...
The donations were made to about 20 registered, but unrecognised, political parties, the official said.. Taxpayers can claim 100% deduction for donations to a registered electoral trust or political party..
Registered political parties are considered unrecognised if they have not contested, or haven't secured a qualifying vote percentage threshold in assembly or national elections...
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