https://www.taxtmi.com/manuals?id=1127 Expenditure on advertisement in any souvenir, brochure, tract, pamphlet or similar publication issued by a political party is not allowable as a deduction under the head Profits and Gains of Business or Profession. Donations to a political party or electoral trust are also not deductible as business expenditure, though they are separately covered under the deduction provisions for political contributions. en-us Tue, 15 Sep 2015 11:07:00 +0530 Thu, 30 Apr 2026 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1127 Expenditure on advertisement in any souvenir, brochure, tract, pamphlet or similar publication issued by a political party is not allowable as a deduction under the head Profits and Gains of Business or Profession. Donations to a political party or electoral trust are also not deductible as business expenditure, though they are separately covered under the deduction provisions for political contributions. Manuals Income Tax Tue, 15 Sep 2015 11:07:00 +0530 https://www.taxtmi.com/manuals?id=1127