Donation to BJP Deemed Business Expense, Not Violating Section 37(2B) of Income Tax Act, and Allowable for Tax Purposes.

Donation to BJP Deemed Business Expense, Not Violating Section 37(2B) of Income Tax Act, and Allowable for Tax Purposes. https://www.taxtmi.com/highlights?id=28990 Donation to Bharatiya Janata Party - The assessee has not given any advertisement in souvenir of the political party therefore not hit by the provisions of section 37(2B) - expenditure was incurred wholly and exclusively for the purpose of business and was not in personal nature, hence allowable - AT en-us Thu, 05 May 2016 00:50:16 +0530 Tue, 03 May 2016 23:17:22 +0530 TaxTMI RSS Generator Donation to BJP Deemed Business Expense, Not Violating Section 37(2B) of Income Tax Act, and Allowable for Tax Purposes. https://www.taxtmi.com/highlights?id=28990 Donation to Bharatiya Janata Party - The assessee has not given any advertisement in souvenir of the political party therefore not hit by the provisions of section 37(2B) - expenditure was incurred wholly and exclusively for the purpose of business and was not in personal nature, hence allowable - AT Highlights Income Tax Thu, 05 May 2016 00:50:16 +0530 https://www.taxtmi.com/highlights?id=28990