Section 12
Political Parties and Electoral Trusts
Section No.
12
Chapter
III
ITA 1961 Predecessor
S.13A, S.13B
Chapter Context
Section 12 falls under Chapter III — Exempt Incomes of the Income Tax Act 2025. This act came into force on 1 April 2026, replacing the Income Tax Act 1961. The equivalent provision in the old act was S.13A, S.13B.
Frequently Asked Questions
Section 12 of the Income Tax Act 2025 deals with "Political Parties and Electoral Trusts". It falls under Chapter III (Exempt Incomes). The equivalent provision in the old Income Tax Act 1961 was S.13A, S.13B. The Income Tax Act 2025 came into force on 1 April 2026, replacing the entire ITA 1961.
S.13A, S.13B of the Income Tax Act 1961 corresponds to Section 12 of the Income Tax Act 2025 ("Political Parties and Electoral Trusts"). The ITA 2025 reorganised and renumbered most provisions from ITA 1961 while retaining their substantive legal effect. Tax professionals and taxpayers familiar with the old numbering can use this section-by-section mapping to navigate the new act.
Section 12 ("Political Parties and Electoral Trusts") is part of Chapter III — Exempt Incomes — of the Income Tax Act 2025. This chapter deals with exempt incomes provisions applicable for Tax Year 2026-27 and onwards.