Political contribution deduction: corporate payments to parties or electoral trusts eligible, but cash donations disallowed. Deduction is allowed for sums contributed by an Indian company in the previous year to a political party or an electoral trust when computing total ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Political contribution deduction: corporate payments to parties or electoral trusts eligible, but cash donations disallowed.
Deduction is allowed for sums contributed by an Indian company in the previous year to a political party or an electoral trust when computing total income, but no deduction is permitted for contributions made by way of cash; the term "contribute" is to be read with the meaning assigned under the Companies Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.