Deduction in respect of contributions given by companies to political parties

Tax2025570 sections23 chapters

Chapter VIII Deductions to be made in computing total income

Statutory text

(1) An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951) or an electoral trust.
(2) For the purposes of this section, the term "contribute", with its grammatical variations and cognate expressions shall have the same meaning as assigned to it in section 182 of the Companies Act, 2013 (18 of 2013).

Study data processing for this section.

PDF: pending for this language.