https://www.taxtmi.com/acts?id=10851 A deduction is allowed for contributions to a political party or electoral trust, subject to a cap: for companies the cap is a specified proportion of the average net profit computed under the Companies Act for the three preceding financial years, and for other persons the cap is a specified proportion of gross total income from ordinary sources; the term "contribution" is defined by reference to the Companies Act. en-us Thu, 20 Aug 2009 12:27:38 +0530 Thu, 20 Aug 2009 12:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10851 A deduction is allowed for contributions to a political party or electoral trust, subject to a cap: for companies the cap is a specified proportion of the average net profit computed under the Companies Act for the three preceding financial years, and for other persons the cap is a specified proportion of gross total income from ordinary sources; the term "contribution" is defined by reference to the Companies Act. Act-Rules Bills Thu, 20 Aug 2009 12:27:38 +0530 https://www.taxtmi.com/acts?id=10851