Home > Income Tax > Deductions > Contributions Given by Companies to Political Parties – Section 80GGB

Contributions Given by Companies to Political Parties – Section 80GGB

The amount paid by an Indian company to any political party or electoral trust is allowed as deduction.

The amount paid in respect of advertisement in any publication (souvenir, brochure, trace, phamplet) is also allowed deduction under this section and not under section 37.

Political party means a political party registered under section 29A of the Representation of the People Act, 1951.

About Rohit Pithisaria

I am a Practising Chartered Accountant based in Jaipur, Rajasthan. Co-founder of TaxAdda.com and been in practice for more than 5 years. Have expertise in Income Tax and rendered our services to more than 2000 clients.
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