In an attempt to clean up the murky world of political party funding, the government has announced that donations in cash, currently allowed up to Rs. 20,000 without explaining the source, will now be capped at Rs. 2,000.
A decades-old law exempts parties from taxes on a range of sources of income including donations by volunteers. Contributions of up to Rs. 20,000 in cash did not have to be explained so far.
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