General Deductions-Section 37

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....eneral Deductions-Section 37<br> Query (Issue) Started By: - Poornima Gupta Dated:- 3-10-2023 Last Reply Date:- 5-10-2023 Income Tax<br>Got 1 Reply<br>Income Tax<br>Section 37 - General - Income-tax A....

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....ct, 1961&nbsp; (2B) Notwithstanding anything contained in sub-section (1), no allowance shall be made in respect of expenditure incurred by an assessee on advertisement in any souvenir, brochure, tra....

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....ct, pamphlet or the like published by a political party. Q. Why such expenditure is not allowed under IT Act? Reply By Padmanathan Kollengode: The Reply: Poornima Gupta, I think because deduction i....

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....s given under section 80GGC in respect of contribution to political parties, the disallowance in Sec. 37 may be to prevent double benefit of the same.<br> Discussion Forum - Knowledge Sharing ....