Do political parties also have to pay tax know how their income is calculated

Political Parties Tax: Election dates have been announced in the country. All political parties have declared their lists of candidates for the elections. Elections for the 18th Lok Sabha are to be held in seven phases. Meanwhile, a lot of talk is coming about political parties and the donations received by them. The Congress party has accused the Income Tax Department of freezing their accounts for wrong reasons. Let us know today. Do political parties also have to pay? How is tax calculated? Do political parties have to pay income…

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