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of <h1>Tax Deductions for Political Donations: Sections 80GGB & 80GGC Explained for Companies and Individuals</h1> Section 80GGB and 80GGC of the Income Tax Act provide deductions for contributions to political parties or electoral trusts. Under Section 80GGB, Indian companies can claim deductions for donations made to registered political parties or electoral trusts, except for cash or in-kind contributions. Section 80GGC allows any person, except local authorities and government-funded artificial juridical persons, to claim similar deductions. The entire contribution amount is deductible up to the total taxable income, provided the political party is registered under Section 29A of the Representation of the People Act, 1951, and the electoral trust is a non-profit under Section 8 of the Companies Act, 2013.
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