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LATEST NEWS UPDATES | Only 9% Of Declared Income of India's National Parties Comes From Sources Known To The Public -Aman Kumar

Only 9% Of Declared Income of India's National Parties Comes From Sources Known To The Public -Aman Kumar

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published Published on Aug 12, 2018   modified Modified on Aug 12, 2018
-TheCitizen.in

NEW DELHI:
The Association for Democratic Reforms (ADR) on August 7 released a report detailing the donations declared by regional political parties to the Election Commission (EC) for the 2016-17 financial year.

Of the 48 parties considered in the report, 16 including the People’s Democratic Party and the All India Majlis-e-Ittehad-ul Muslimeen have yet to submit their declarations to the EC. A further six claim to have received no contributions at all in the past year; these include the National Conference and the All India Anna Dravida Munnetra Kazhagam.

Under the Representation of the People Act, 1951, parties must declare all contributions larger than Rs 20,000 to the public in order to qualify for a complete tax exemption on their income.

According to the report the remaining parties declared a total of Rs 91 crore in contributions. The most fortunate were the Shiv Sena (Rs 26 cr), the Aam Aadmi Party (AAP – Rs 25 cr) and the Shiromani Akali Dal (SAD – Rs 15 cr) which together account for nearly three-quarters of the total.

Most of the parties that did submit declarations report a significant decline in their fortunes relative to the prior financial year. These include the Shiv Sena (–70%), the Dravida Munnetra Kazhagam (–99%), the Rashtriya Janata Dal (–87%) and Nitish Kumar’s Janata Dal–United (–28%).

AAP was the only one of these parties to declare donations from outside India. These came from 27 countries, led by Canada, the United States and the UAE, and amount to Rs 8.8 crore or a third of the total netted by the party, which also received cash contributions from 17 Indian states.

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TheCitizen.in, 10 August, 2018, http://www.thecitizen.in/index.php/en/NewsDetail/index/2/14641/Only-9-Of-Declared-Income-of-Indias-National-Parties-Comes-From-Sources-Known-To-The-Public


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