54. Must reports from political parties and/or candidates include information on itemized spending?

Election Act, 2017.

Relevant sections of Election Act,2017 are quoted here.

Section 132 explains that candidate shall report detailed report of his/her all election expenses except spending of less than one thousands rupee.

210.—(1) A political party shall, in such manner as may be prescribed, submit to the Commission within sixty days from the close of a financial year, a consolidated statement of its accounts audited by a Chartered Accountant on Form D containing— [...} (b) sources of its funds.

211. .—

(1) A political party shall furnish to the Commission the list of contributors who have donated or contributed an amount equal to or more than one hundred thousand rupees to the political party for its election campaign expenses.

(2) A political party shall furnish to the Commission details of the election expenses incurred by it during a general election.