Political party contribution deduction allows Indian companies full deduction for eligible non-cash payments to registered parties or electoral trusts. Deduction is available to an Indian company for contributions made during the relevant tax year to a political party or an electoral trust, subject to statutory conditions on mode of payment and eligible recipient. The contribution must be made through permitted banking channels, and cash donations are expressly excluded. The recipient political party must be registered under Section 29A of the Representation of the People Act, 1951, or the payment must be made to an electoral trust. Contributions in kind are not eligible, and the eligible contribution is deductible in full subject to statutory conditions.
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 party contribution deduction allows Indian companies full deduction for eligible non-cash payments to registered parties or electoral trusts.
Deduction is available to an Indian company for contributions made during the relevant tax year to a political party or an electoral trust, subject to statutory conditions on mode of payment and eligible recipient. The contribution must be made through permitted banking channels, and cash donations are expressly excluded. The recipient political party must be registered under Section 29A of the Representation of the People Act, 1951, or the payment must be made to an electoral trust. Contributions in kind are not eligible, and the eligible contribution is deductible in full subject to statutory conditions.
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