India

EC identifies 200 parties existing only on paper; To send list to Tax authorities

ProMASS: DEC 21, 2016:  The Election Commission, EC will soon write to the Central Board of Direct Taxes, CBDT informing it about its decision to delist 200-odd political parties which exist only on paper.EC officials suspect, these political parties could be nothing but money-laundering operations and have not contested any election since 2005 and exist mostly on paper.

Sources said, the EC hopes that the CBDT will have a close look at the finances of these parties so that a clear message can go out that forming a political party for turning black money into white is no longer a good idea.
EC data shows there are currently seven National Political Parties, 58 State Parties and a whopping 1786 Registered Unrecognised Parties.

 

 Courtesy: AIR NEWS

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