This account has to be notified to the EC by the candidate.
The EC has also recently raised the ceiling for election expenses for both Parliamentary and Assembly seats.
”The election expenses ceiling for candidates has been revised by the Government of India vide notification dated February 28. As per the revised ceilings, the maximum limit of election expenses for a Lok Sabha constituency is Rs 70 lakh per candidate for all states except Arunachal Pradesh, Goa and Sikkim. For these three states it is Rs 54 lakh per candidate.
”For the Union Territories, the maximum limit is Rs 70 lakh per candidate for NCT of Delhi and Rs 54 lakh per candidate for other UTs,” the EC has said in its latest communication to political parties.
“For the Assembly constituencies, the maximum limit is Rs 28 lakh per candidate for the bigger states and Delhi and Rs 20 lakh per candidate in the other states and Union Territory of Puducherry,” it said.