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of <h1>Indian companies can deduct non-cash contributions to political parties or electoral trusts when computing taxable total income</h1> An Indian company may deduct from its total income sums contributed during the previous year to a political party or an electoral trust, provided the contribution is not made in cash. The prohibition on cash contributions bars any deduction for payments made by cash. For clarity, the term 'contribute' is defined by reference to the meaning given in the Companies Act (section governing company contributions). The provision applies only to contributions by Indian companies and operates when computing taxable total income.
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