https://www.taxtmi.com/acts?id=51279 Two new Income-tax Act deductions permit amounts contributed to political parties to be deducted from total income: one for contributions by Indian companies, with "contribute" defined by reference to the Companies Act, and one for contributions by any person except local authorities and juridical persons wholly or partly government funded; "political party" is defined by registration under the Representation of the People Act. en-us Fri, 09 May 2025 12:09:26 +0530 Fri, 09 May 2025 12:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51279 Two new Income-tax Act deductions permit amounts contributed to political parties to be deducted from total income: one for contributions by Indian companies, with "contribute" defined by reference to the Companies Act, and one for contributions by any person except local authorities and juridical persons wholly or partly government funded; "political party" is defined by registration under the Representation of the People Act. Act-Rules F. Acts / Amendment Acts Fri, 09 May 2025 12:09:26 +0530 https://www.taxtmi.com/acts?id=51279