Contributions through electoral bonds should be transparent

Kashmir Times. Dated: 2/9/2019 12:07:30 AM

Dear Editor,
Faulty provisions under present poll-laws and Income Tax Act are responsible ever-increasing non-serious registered mushrooming political parties now exceeding 2000 out of which there are only very few political parties having seriously contested elections any time. It is ridiculous that Election Commission has power to register political party but without any provision to de-register any political party. Such non-serious political parties are mainly registered for whitening black money through misused provision of tax-exemption on contributions made to and received by registered political parties.
Best and only way to nuisance of political parties involved in dirty affairs of unaccounted money is to abolish sections 13A, 80GGB and 80 GGC of Income Tax Act regarding exemptions available for contributions made-to and received-by political parties. Huge revenue so earned will be available for public welfare and national development. Otherwise also Indian political parties seriously contesting elections are rich enough to do away with such undesired tax-exemption which is grossly misused also.
Moreover Election Commission should have power to de-register any political party having not contested for some minimum number of seats in last say three years.
Funding to political parties should be made transparent by making it compulsory for every political party for regularly updating data on website including name of contributors about funding received including through electoral bonds where presently names of those making contributions through electoral bonds are not disclosable.
—Madhu Agrawal,
1775 Kucha Lattushah
Dariba, Chandni Chowk Delhi.

 

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