For the purposes of Section 12 read with Schedule VIII of the Income-tax Act, 2025, the word ‘Political…

For the exemption under section 12 read with Schedule VIII of the Income-tax Act, 2025 (formerly section 13A of the Income-tax Act, 1961), a political party is one registered under section 29A of the Representation of the People Act, 1951. Registration identifies the party for this provision; claiming the tax exemption also requires compliance with the conditions specified in the Schedule. Section 263 of the Income-tax Act, 2025 deals with the return of income, not registration.