Schedule LA – Details Furnished by Political Party AY 2026-27

Schedule LA – Details Furnished by Political Party AY 2026-27

‘Schedule LA’ in the Income Tax Return (ITR) form applies to political parties claiming exemption under Section 13A of the Income-tax Act, 1961. This schedule is used to report specific compliance and financial information required under the Act and relevant provisions of the Representation of the People Act, 1951.

Schedule LA requires detailed disclosures, including the registration details of the party, confirmation of filing the audited accounts, and the filing of contribution reports to the Election Commission of India (ECI). The schedule also captures confirmation of compliance with provisions like non-receipt of donations exceeding Rs. 2,000 in cash, maintenance of proper books of account, and submission of returns within the due date. These conditions are mandatory for political parties to retain their exemption status, and Schedule LA serves as a compliance checklist to validate that these legal requirements have been met.

This schedule is designed to ensure that political parties meet the conditions prescribed for availing tax exemption on their income.

Section 13A of Income-tax Act, 1961

Political parties registered with the Election Commission of India are exempt from paying income tax as per Section 13A if they satisfy certain conditions. One of the conditions is that they cannot receive a donation of more than Rs. 2000 in cash.

This schedule applies to ITR-7.