What is the electoral bond, outlawed by the Supreme Court, doing in the new income tax bill proposed by the government? Does the government propose to reintroduce the electoral bond in a different form? Schedule VIII of the bill introduced in Parliament, dealing with income not to be included in the total income of political parties and electoral trusts, exempts contributions received in the form of electoral bonds from taxable income.If it is meant only to apply to past accounting periods when the electoral bond was a valid instrument, why does the new bill not say so?
.png)
