According to the Election and Other Related Laws (Amendment) Act, 2003 :

Asked in TSPSC Group 1 Prelims 2022 · Topic: Political Parties (Funding of Political Parties and Electoral Finances)

1. A 50% tax exemption to individuals and corporates on all contributions to political parties.
2. Disclosure of party finances and contri‐ butions over ₹ 20,000.
3. Equitable sharing of time by the recog‐ nized political parties on the cable televi‐ sion network and other electronic media (public and private).
4. Expenditure by third parties and polit‐ ical parties comes under ceiling limits, and only travel expenditure of leaders of parties is exempted. A. A, B & C only B. B, C & D only C. A, C & D only D. A, B & C & D

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