09 May 2016
1 Political party might have registered with election commission of India. 2 Treasurer of the political party must file a declaration in respect of donations exceeding Rs. 20,000 at a time to the election commission before the due date for submission of IT return. 3 Books of accounts to be maintained. 4 Contributions exceeding Rs. 20,000 should be in crossed cheque or draft. 5 Income tax return to be filed. 6 Books of accounts to be audited.
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