Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: empanelment :: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

Political parties` I-T returns to be under RTI Act
May, 02nd 2008

In a landmark decision the Central Information Commission (CIC) has ruled that the income tax returns of political parties will come under the purview of the Right to Information Act (RTI). The move will, it is hoped, enable the public to get details on the funding sources of political parties.

The ruling was pronounced on an appeal an NGO, the Association of Democratic Reforms (ADR), which sought the disclosure of income tax returns and assessment orders of such organisations.

All political parties except the CPI and CPM had objected to the move. The response of as many as 20 political parties had come on the notices issued by the apex information panel.

The Congress had termed the appellant as a "busy body having malafide intent" and accused it of seeking information for "ulterior motives".

The BJP had claimed the I-T returns were confidential information, parting with which would amount to infringement of certain privacy rights of the political parties' members.

Today, however, the Congress and the BJP tried to put on a brave face and said they were still to study the order. Congress General Secretary Manish Tewari said the RTI Act had provisions for appeal in case a third party objected to giving information.

"In any case, we file our tax returns with the Election Commission and anyone who wants to scrutinise our returns that badly can ask the Commission for a copy," Tewari said.

The CIC said since political parties influence the exercise of political power, transparency in their organisation and functions, and more particularly, their means of funding is a democratic imperative and, therefore, is in public interest.

"There is unmistakable public interest in knowing these funding details which would enable the citizen to make an informed choice about the political parties to vote for," the CIC said in its 24-page order allowing ADR's appeal.

"The laws of the land do not make it mandatory for political parties to disclose sources of their funding and even less so the manner of expending those funds. In the absence of such laws, the only way a citizen can gain access to the details of funding of political parties is through I-T returns filed annually with I-T authorities," Information Commissioner A N Tiwari said.

Referring to various Supreme Court rulings bringing transparency in the functioning of political parties and their fundings, the CIC held that every citizen is entitled to seek information from I-T department either under I-T Act or the RTI Act.

It, however, held that the Permanent Account Number (PAN) of those political parties whose I-T returns were to be divulged should not be disclosed as there was a possibility of the information being subjected to fraudulent use. 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions