Deduction for corporate political contributions permits non cash contributions to registered political parties or electoral trusts to be deducted. An Indian company may claim a deduction for non-cash contributions made in a tax year to a registered political party or an electoral trust; the term ... Summary
Deduction for corporate political contributions permits non cash contributions to registered political parties or electoral trusts to be deducted.
An Indian company may claim a deduction for non-cash contributions made in a tax year to a registered political party or an electoral trust; the term "contribute" is to be read as defined in the Companies Act.
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