What is the significance of including electoral bonds in the new Income Tax Bill
Experts intrigued by inclusion of electoral bonds in new Income Tax Bill
1. Increased Transparency: The inclusion of electoral bonds in the new Income Tax Bill is seen as a measure to enhance transparency in political funding.
- It requires political parties to disclose details of donations received through electoral bonds, making the process more accountable.
- By linking electoral bonds to the Income Tax Bill, the government aims to regulate political funding and bring more visibility to the sources of funding.
- Through the scrutiny provided by the Income Tax Bill, the government can track the flow of funds and deter illegal or unaccounted donations.
- By aligning electoral bonds with the tax framework, the government can ensure that political funding is done through legitimate channels.
Answered
2 months ago