The political parties are being instructed to file income tax returns every year by the ______________.
A
Election Commission
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B
Supreme Court
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C
Parliament
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D
Central Government
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Solution
The correct option is B Election Commission
Political parties registered with the Election Commission of India are exempt from paying Income Tax under Section 13A of Income Tax Act, 1961 as long as the political parties file their Income Tax Returns every Assessment Year along with their audited accounts, Income/ Expenditure details and balance sheet. Hence, Option A is correct. The rest of the organisations are not in charge of income tax filing, hence, incorrect.