Is 80G or any other certificate required to receive donation by political party
This query is : Resolved
11 July 2022
Hi,
I have question regarding Income Tax certificate to receive donation by political party.
Is 80G or 80GGB or 80GGC Certificate or any other type of certificate from income tax department required to receive donation by political party ?
So that donner can avail deduction in income tax act.
Please suggest.
I have question regarding Income Tax certificate to receive donation by political party.
Is 80G or 80GGB or 80GGC Certificate or any other type of certificate from income tax department required to receive donation by political party ?
So that donner can avail deduction in income tax act.
Please suggest.
11 July 2022
As per the Section 80GGB of the Income Tax Act 1961, any Indian company that contributes any sum to a political party or an electoral trust registered in India can claim for a deduction for the amount contributed by it.
13 July 2022
Question is Like NGO requires 80G and 12A certificate, So, is political party also require any certificate like trust or society?
13 July 2022
See the link.
https://www.incometaxindia.gov.in › ...PDF
920110000000000117.pdf - Income Tax Department
https://www.incometaxindia.gov.in › ...PDF
920110000000000117.pdf - Income Tax Department
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
