Rate to claim exemption ?
This query is : Resolved
18 April 2014
Whats the percentage of income that can be payable by an individual of his total income to a political party to claim exemption under income tax act ??
18 April 2014
you can claim deduction upto 100% of your income under section 80ggc.
19 April 2014
NO LIMIT FOR THE INDIVIDUAL. FOR DONATION TO POLITICAL PARTY
19 April 2014
BUT FROM F YEAR 2013-14 YOU CAN NOT GIVE ANY DONATION TO POLITICIAL PARTY IN CASH.
IF GIVE IN CASH THEN NO DEDUCTION U/S 80GGC ALLOWED.
IF GIVE IN CASH THEN NO DEDUCTION U/S 80GGC ALLOWED.
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