Payment made to Political Party - (New) Section 32(2)(c) / (Old) Section 37(2B)
X X X X Extracts X X X X
X X X X Extracts X X X X
....arty Under Section 34 of the Income Tax Act, 2025 [ From 01.04.2026 ] Under section 34(2)(c) Any expenditure incurred on advertisement in any souvenir, brochure, tract, pamphlet or the like, pub....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... deduction. Note: • Donations to political party and electoral trust are disallowed since such donation cannot be said to be expenditure incurred for the purposes of business or profes....


TaxTMI
TaxTMI