Wednesday, March 9, 2011

Income Tax returns mandatory for all candidates facing polls in India

The Election commission (EC) on Wednesday made it mandatory for all the candidates to furnish Income Tax (IT) returns before entering the polls. 

The Election Commission has brought out a new nomination affidavit. 

Candidates will now have to fill a six-page affidavit including details of inherited property along with his or her nomination papers. 

The IT returns and details of properties of the spouse and all the dependents of the candidates will also have to be furnished. 

The EC has taken the decision in consultation with the Central Board of Direct Taxes in order to curb the use of blackmoney and illegal wealth in the electoral process. 

Elections will be held in West Bengal, Assam, Tamil Nadu, Kerala and Pondicherry between April 4 and May 10.

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