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2019-02-27

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Indian Polity
www.thehindu.com

The Central government on Tuesday issued a notification making it mandatory for candidates to declare total income as shown in their Income-Tax Returns (ITR) for the last five years, and that of their spouses, dependents and the Hindu Undivided Family (HUF), as recommended by the Election Commission.

The notification states that changes have been made to the Form-26 affidavit, which is submitted with the nomination paper, in consultation with the Election Commission. From now on, candidates will also have to provide their Permanent Account Number (PAN).

Details to be shared should also include the interest in or ownership of offshore assets, including all deposits or investments in foreign banks and any other body or institution abroad, and details of all assets and liabilities in foreign countries, held by the candidates, their spouses, dependents and HUFs.

The Commission had suggested the changes following a recent meeting with the Central Board of Direct Taxes (CBDT) on various issues, including the recommendation for making public the income verification report of the candidates. After the ITR papers become part of the affidavit, the information will be in the public domain.

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