1961Section 80GGB

80GGB. Deduction in respect of contributions given by companies to political parties.

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From the Income Tax Department's correspondence.

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 293A of the Companies Act, 1956 (1 of 1956).

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·