New Delhi, Jan 7 (PTI) Over 96 per cent of income of the Trinamool Congress in 2021-22 came from electoral bonds, according to the party's annual audit report, which also showed that its income from these bonds rose from Rs 42 crore in 2020-21 to Rs 528.14 crore in 2021-22.

An electoral bond is a financial tool for enabling donations to political parties.

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The report, which was released on Friday, stated that out of a total income of Rs 545.74 crore of the Trinamool Congress (TMC) in 2021-22, as much as Rs 528.14 crore came from electoral bonds.

It also said that Rs 14.36 crore came from fees/subscriptions/collections from primary party members.

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The TMC showed Rs 42 crore income from electoral bonds in 2020-21, according to the report.

The party's expenditure also rose after it won the assembly elections in West Bengal in 2021.

The TMC's expenditure was Rs 132.52 crore in 2020-2021 which increased to Rs 268.33 crore in 2021-2022.

The report was submitted to the Election Commission.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)