The total assets declared by eight national parties in 2021-22 was Rs 8,829.16 crore, up from Rs 7,297.62 crore during 2020-21, poll rights body ADR said in its report. The Association for Democratic Reforms, an electoral reform advocacy group, in its report analysed the assets and liabilities declared by the BJP, INC, NCP, BSP, CPI, CPI(M), AITC and NPEP - the eight national parties - for FY 2020-21 and 2021-22.

In financial year 2020-21, the BJP declared assets worth Rs 4,990 crore, up by 21.17 per cent to Rs 6,046.81 crore in 2021-22.

According to the ADR, in 2020-21, the declared assets of Congress was Rs 691.11 crore, which shot up by 16.58 per cent to Rs 805.68 crore in 2021-22.

The BSP was the only national party to show a decrease in its annual declared assets, its report said.

The total liabilities for FY 2020-21 declared by the national parties was Rs 103.55 crore. The Congress declared liabilities of Rs 71.58 crore, the highest, followed by CPI(M) with Rs 16.109 crore, the ADR said.

The total capital/reserve fund set aside by the national parties during FY 2020-21 was Rs 7,194 crore, and Rs 8,766 crore for FY 2021-22, after adjusting for liabilities, the ADR said.

The ADR said national parties failed to adhere to the Institute of Chartered Accountants of India guidelines that direct parties to declare details of the financial institutions, banks, or agencies from whom loans were taken.

The guidelines specify that the parties should state the "terms of repayment of term loans" on the basis of due date such as a year, 1-5 years, or payable after 5 years, it said.

The ICAI guidelines on auditing, which were also endorsed by the Election Commission of India, remain only on paper and are yet to be actively taken up by the political parties in disclosing details of their income, the ADR said.