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Mar 13, 2025
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Income Tax crackdown! Donors to political parties under scanner – Are you on the list?
If you have donated Rs 5 lakh or more to a lesser-known political party, then the Income Tax Department may also be keeping an eye on you. Recently, tax officials have sent a long list of questions to thousands of individuals who made such donations in the financial year 2020-21.
According to reports, in many cases, the donors gave money through cheques, but they got the same money back in cash, making this process work like money laundering in a way. It is being told that a commission of 1-3% was also taken in such transactions.
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