The donations received by an electoral trust will be exempt under section 13B if
A. The trust is approved by the CBDT
B. The electoral trust distributes to the political parties 95% of the aggregate donations received by it during P.Y along with any brought forward surplus
C. The trust functions in accordance with the rules made in this regard by the Central Government
D. All of the above
Answer:D
The donations received by an electoral trust will be exempt under section 13B if
A. The trust is approved by the CBDT B. The electoral trust distributes to the political parties 95% of the aggregate donations received by it during P.Y along with any brought forward surplus C. The trust functions in accordance with the rules made in this regard by the Central Government D. All of the above