Ambanis, DLF, Tata set-up 'Electoral Trusts' to fund elections

March 20, 2015 17:30

Top corporate houses, including Reliance Group, Birla Group, Tata Group and DLF have established 'Electoral Trusts' to offer funds to political parties, Parliament was informed today.

These trusts are being registered under a new framework that enables applicable tax benefits for funds given to various political outfits. These groups have set up their respective 'Electoral Trusts' under the Electoral Trust Scheme put in place by government in 2013.

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