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Amendment of Form 26
March 7 , 2019
1977 days
691
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- Law Ministry made it mandatory for election candidates to reveal their income-tax returns of the last five years, as well as the details of their offshore assets.
- This was done by amending Form 26, after the Election Commission of India’s recommendations.
- Earlier, a candidate had to only declare the last I-T return (for self, spouse and dependents) and details of foreign assets were not considered.
- After the amendments, following details are mandatory for candidates:
- Should reveal their own income-tax returns of the last five years rather than only one,
- Details of offshore assets, as well as the same details for their spouse, members of the Hindu Undivided Family.
Form 26
- A candidate in an election is required to file an affidavit called Form 26.
- It has the information of her assets, liabilities, educational qualifications, criminal antecedents (convictions and all pending cases) and public dues, if any.
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