📢 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗶𝘀𝘀𝘂𝗲𝘀 𝗻𝗼𝘁𝗶𝗰𝗲𝘀 📜 𝘁𝗼 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 𝗳𝗼𝗿 𝗱𝗼𝗻𝗮𝘁𝗶𝗼𝗻𝘀 💰 𝘁𝗼 𝘂𝗻𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗽𝗮𝗿𝘁𝗶𝗲𝘀. #TaxationUpdates 💼💸💔

The Income Tax Department has issued notices to taxpayers who made donations to political parties registered but not recognized by the Election Commission, for fiscal years 2021 and 2022.

The notices under Section 80GGC of the Income Tax Act aim to investigate whether such donations were used for tax evasion and money laundering. Around 5,000 notices have been sent so far, targeting donations to about 20 unrecognised political parties.