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[Cites 0, Cited by 0] [Section 17CA] [Entire Act]

Union of India - Subsection

Section 17CA(10) in Income Tax Rules, 1962

(10)The electoral trust shall not utilize any contributions for the direct or indirect benefit of the members or contributors, or for any of the following persons, namely:-
(a)the members (including members of its Executive Committee, Governing Committee or Board of Directors) of the electoral trust;
(b)any relative of such Members;
(c)where such member or contributor is a Hindu undivided family, a member of that Hindu undivided family;
(d)any person who has made a contribution to the trust;
(e)any person referred to in sub-section (3) of section 13 of the Act; and
(f)any concern in which any of the persons referred to in clauses (a), (b), (c), (d) and (e) has a substantial interest.