<P> The act in Verbatim states that, </P> <P> Special provision relating to incomes of political parties Any income of a political party which is chargeable under the head 2)" Income from house property" or" Income from other sources" or any income by way of voluntary contributions received by a political party from any person shall not be included in the total income of the previous year of such political party: Provided that - (a) such political party keeps and maintains such books of account and other documents as would enable the 3 Assessing) Officer to properly deduce its income therefrom; (b) in respect of each such voluntary contribution in excess of twenty thousand rupees, such political party keeps and maintains a record of such contribution and the name and address of the person who has made such contribution; and (c) the accounts of such political party are audited by an accountant as defined in the Explanation below sub - section (2) of section 288 . </P> <P> Recently, there has been lot of uproar by the civil society against this act . </P> <P> Political parties have deposited huge cash after demonitization . BSP (Bahujan Samajwadi Party don; t have any donation by cheque, 100% is cash). Congress used to be the biggest party to get cash, now it is BJP . </P>

What is the basis of the charge of income tax under the indian income tax act