Insertion of new sections 80GGB and 80GGC

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Full Text of the Document

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....ns given by companies to political parties. In computing the total income of an assessee, being an Indian company, there shall be deducted any sum contributed by it, in the previous year to any political party. Explanation.- For the removal of doubts, it is hereby declared that for the purposes of this section, the word "contribute", with its grammatical variation, has the meanin....