TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Political Ads & Donations Not Deductible as Business Expenses Under Section 37(2B), But Deductible Under Sections 80GGB/GGC</h1> Section 37(2B) of the Income Tax Act specifies that expenses incurred on advertisements in materials published by a political party are not deductible as business expenses. Donations to political parties and electoral trusts are not considered business expenses and thus are disallowed as deductions under this section. However, such donations are deductible under sections 80GGB and 80GGC of the Income Tax Act.
TaxTMI 
TaxTMI 
