Section – 80GGA : Deduction in respect of certain donations for scientific research or rural development
February 28, 2018
Section – 80GGC : Deduction in respect of contributions given by any person to political parties
February 28, 2018

Section – 80GGB : Deduction in respect of contributions given by companies to political parties

80GGB. 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 or an electoral trust:

Provided that no deduction shall be allowed under this section in respect of any sum contributed by way of cash.

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 meaning assigned to it under section 293A39 of the Companies Act, 1956 (1 of 1956).

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