Transparency in political parties funding
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The recent finance bill, 2017 has removed the 7.5% cap of avarage of their net profit in last 3 financial years of donations to political parties. It also given the freedom to corporates not to disclose the name of political parties.
While we all want a corruption free state, this ammendment will sow a new crop of corruption in our country.
Therefore, there should be a record of each and every transaction/donation by any individual/corporate to any political party to strengthen the tax system.
Huge and hidden donation should be stopped to save the democracy and development of the country.
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