Donation: allowable expense or not
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2018
Sir,is donation an allowable deduction for computing income tax?Is donation made to a registered political party allowable deduction?Is there a limit of Rs 2000 on political party donation?
Renu Goyal
(Expert)
08 January 2018
Yes donation is allowable deduction. Donation to political party is allowed u/s 80GGC. However donation should not be made in cash to political party.
08 January 2018
There is a cap of Rs. 2,000 for donation in cash to political parties.
Renu Goyal
(Expert)
08 January 2018
This cap of 2000 is for 80G and not for 80GGC.
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