Section 80GGC of ITA, 1961 : Section 80Ggc: Deduction In Respect Of Contributions Given By Any Person To Political Parties
ITA, 1961
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Explanation using Example
Imagine Mr. Sharma, a salaried employee, decides to support a political party that he believes in. During the financial year, he contributes Rs. 50,000 to this political party, which is registered under section 29A of the Representation of the People Act, 1951. ...
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