All political parties will now be able to file their financial accounts online, with the Election Commission of India (ECI) launching a new web portal to facilitate the same. The online availability of the data is expected to enhance the level of compliance and transparency.
In a letter to all political parties, the commission said that in case any outfit did not wish to file their financial records in the online mode they would have to give a justification for it which the ECI would publish on its website for voters’ benefit.
According to provisions in the Representation of the People (RP) Act, 1951, the political parties are required to submit a Contribution Report, Audited Annual Account and Election Expenditure Statement to the ECI and Chief Electoral Officers of States and Union Territories.
