32 Regional Parties in India show an income of Rs 321.03 Cr in 2016-17, 16 others did not submit accounts

The election commision on Tuesday revealed that   thirty two of the 48 Regional parties in India have  reported a total income of Rs 321.03 Crore during 2016-17 according to  the audited accounts received by the election commission.

Among  them Samajwadi Party (SP) had shown the highest income of Rs 82.76 Cr  followed by TDP with an income of Rs 72.92 Cr or 22.71% and AIADMK whose  income was Rs 48.88 Cr or 15.23% of the total income of 32 regional  parties.

The total income of top 3 parties amounted to Rs  204.56 Cr, which comprised 63.72% of the total income of 32 Regional  Parties, collectively.

Out of 48 regional parties considered,  12 had submitted their audit reports on time, while 20 have delayed  their submission by several days, ranging from 13 days to 5 months or  147 days, according to a release on Tuesday from the Association of  Democratic Rights.

Audit reports of 16 regional parties for FY  2016-17 are unavailable on the website of the ECI, till the date of  preparation of this report. This includes some major Regional Political  Parties like AAP, JKNC and RJD.

Out of 32 regional parties, 43.75  per cent or 14 parties have shown a decline in their income from  2015-16 to 2016-17, while 40.63 per cent or 13 parties have shown an  increase in their income. 15.63 per cent or  5 regional parties have not  submitted their Income Tax Return to the ECI in FY 2015-16.

Regional parties who have not submitted their audit report for FY 2015-16 are INLD, MGP, JKPDP, AIUDF, and KC-M.

Total  Income of 27 Regional Parties increased from Rs 291.14 cr in FY  2015-16, to Rs 316.05 cr in FY 2016-17, an increase of 8.56 per cent or  Rs 24.91 cr.

The Report said that 17 regional parties who  declared a part of their income as remaining unspent for the year  2016-17 while 15 parties spent more than  the income collected during  the year.    AIMIM and JDS have more than 87 per cent of their total  income remaining unspent while TDP has 67 per cent of its income  remaining unspent for FY 2016-17.     DMK has declared spending Rs 81.88  cr more than its income while SP and AIADMK declared spending Rs 64.34  cr and Rs 37.89 cr more than their total income, respectively.

Top  3 regional parties that have incurred highest expenditure are SP which  had spent Rs 147.1 cr, followed by AIADMK which spent Rs 86.77 cr and  DMK with Rs 85.66 cr.

The total expenditure by SP is 33.78 per cent  of the total expenditure as reported by 32 regional parties.   Expenditure incurred by the top 3 political parties is 73.38 per cent  of the total expenditure as reported by 32 regional parties.

Out of  48 regional parties    considered, the audit reports of 2 regional  parties (J&K NPP and UDP) are not available for 13 years (between FY  2004-05 and 2016-17) with the ECI. Complete reports are available only  for 32 Regional Parties, for FY 2016-17.

KJP, which gained recognition post Lok Sabha elections 2014, has not submitted its audit report since its inception.

Four regional parties (AJSU, HSPDP, JKNC and KCM) have defaulted 6 or  more times in submitting their audit reports to the ECI, between FY  2004-05 and 2016-17.

The income tax returns/audit reports of  Regional parties were obtained from the Election Commission of India.  The income tax returns of 20 out of the 48 regional parties (42 per  cent) analysed were unavailable at least once between FY 2015-16 and FY  2016-17.

Audit reports of INLD, MGP, JKPDP, AIUDF, and KC-M are unavailable for FY 2015-16 for comparison.

The most common and popular source of income for regional parties  across FY 2015-16 and 2016-17 are Grant/Donations/contributions/Gross  Receipts and Interest Income (Bank, FD, TDR with Bank).

The most common  and popular item of expenditure for regional parties across FY 2015-16  and 2016-17 are election expenses and administrative and general  expenses. (UNI)

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