Monday, March 29, 2010

[ZESTCaste] EC to set up panel to monitor expenditure

 

http://timesofindia.indiatimes.com/india/EC-to-set-up-panel-to-monitor-expenditure/articleshow/5736804.cms

EC to set up panel to monitor expenditure
TNN, Mar 29, 2010, 01.26am IST

NEW DELHI: In the wake of the controversy over Mayawati's cash
garland, the Election Commission will set up an 'expenditure
monitoring division' to be manned by I-T officials to maintain
expenditure statements of parties and candidates and take follow-up
action.

Election commissioner S Y Quraishi said the new division would be in
place before the Bihar assembly election later this year.

Quraishi said use of cash garlands was an "old phenomenon" and only
the scale and magnitude had changed. "The money in cash garlands will
come under the category of donation to political parties. Since there
is no election right now, it does not seem to be in violation of the
election law," Quraishi said.

However, he said parties would have to account for cash garlands while
filing their returns to avail any tax benefit.

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