Sir I am a salaried Employee .I had paid Rs 30000/- to a Political party during the current FY. Whether Iam eligible for claim of Deduction u/s 80 GGC. Kindly give the conditions to claim the amount as deduction for TDS RGDS
Conditions are:- i) assessee must be a person other than local authority or artificial juridical person. ii)contribution should be paid in the financial year corresponding to the assessment year. iii)the payee must be either a political party registered under section 29a of the Representation of the People's Act,1951 or to an electoral trust. iv) applicable from assessment year 2008-09 and onwards.