Schedule ET – Details Furnished by Electoral TrustSchedule ET – Details Furnished by Electoral Trust AY 2026-27
‘Schedule ET’ in the Income Tax Return (ITR) form applies to ‘Electoral Trusts’ claiming exemption under Section 13B of the Income-tax Act, 1961. This schedule captures essential compliance-related disclosures that are mandatory for an electoral trust to retain its tax-exempt status.
This schedule requires confirmation on key compliance aspects, such as the maintenance of books of account and records of voluntary contributions and distributions to political parties. It also seeks confirmation of audit as per Rule 17CA(12) and furnishing of the report under Rule 17CA(14). Details like the date of the audit report in Form 10BC must be provided. The schedule captures financial information, including opening balance, contributions received, amounts distributed, administrative expenses, and closing balance.
This schedule aims to ensure transparency and traceability of political funding routed through Electoral Trusts, in line with the conditions under Section 13B, which grants them tax exemption subject to prescribed rules and disclosures.
- Section 13Bof Income-tax Act, 1961
- Rule 17CAof the Income-tax Rules, 1962
An electoral trust is a trust approved by CBDT in accordance with Electoral Trusts Scheme, 2013. Any voluntary contribution received by electoral trust shall be included in its income except where 95% of the contribution is distributed to the eligible political parties.