WHAT THE FINANCE BILL PROPOSES

Amendment sought to Section 29C of Representation of the People Act to exclude political parties to report any contributions made by people or corporates through electoral bonds Amendment sought to Section 13 (A) and Section 139 (4B) of the Income Tax Act to shield electoral bond donations from any specific tax disclosures Section 182 of the Companies Act might also be amended at a later date to exempt firms from declaring which political parties they have donated to and in what amounts, if donations made through electoral bonds