The way in which a political party raises funds and spend them determines its ability be ethical and honest. India has one of the best political funding law, created by tremendous back work of Lok Satta. The Political Funding Reform Law now provides means to honestly raise funds and run a political party.
- Lok Satta regularly files its audited annual funds to the Election Commission of India, State Election Commission and the Income tax Department.
- In order to ensure that no funds are misused, it is the policy of Lok Satta to collect its funds by cheques / Electronic Funds Transfer, as all contribution to political parties are 100% tax free.
- Lok Satta Constitution mandates that any sum greater than ₹5000 be only collected by cheque / EFT.
The account details of Lok Satta Party Tamil Nadu are publicly available here: