Political contribution deduction applies to eligible donations to parties or electoral trusts, excluding cash and kind contributions. Deduction is available for contributions made by any person, other than a local authority or an artificial juridical person wholly or partly funded by Government, to political parties or electoral trusts. The political party must be registered under section 29A of the Representation of the People Act, 1951, and an electoral trust must be a non-profit company formed under section 8 of the Companies Act, 2013. Cash contributions and contributions in kind do not qualify for deduction. The whole amount of eligible contribution is deductible, subject to the limit of the donor's total taxable income.
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.
Provisions expressly mentioned in the judgment/order text.
Political contribution deduction applies to eligible donations to parties or electoral trusts, excluding cash and kind contributions.
Deduction is available for contributions made by any person, other than a local authority or an artificial juridical person wholly or partly funded by Government, to political parties or electoral trusts. The political party must be registered under section 29A of the Representation of the People Act, 1951, and an electoral trust must be a non-profit company formed under section 8 of the Companies Act, 2013. Cash contributions and contributions in kind do not qualify for deduction. The whole amount of eligible contribution is deductible, subject to the limit of the donor's total taxable income.
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