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80GGC Donation to Political party

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nkpanchal

CA Practice

76 Points Posted on 31 July 2021

% of deduction available on such donation Us 80GGC

Replies (4)

Quick Summary

Section 80GGC of the Income Tax Act allows individuals to claim tax deductions for contributions made to political parties or electoral trusts. The deduction available is 100% of the donated amount, meaning your entire contribution is eligible for tax relief. Importantly, there is no upper limit on the donation amount itself, though the deduction cannot exceed your taxable income.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 31 July 2021

Maximum deduction allowed under Section 80GGC is 100%. This means that your entire contribution is fully eligible for tax deduction.

Hari Beldona

ACA

1533 Points Posted on 31 July 2021

The section 80GGC of the Income Tax Act allows the deductions from the total income of an individual taxpayer for his/her contributions made towards electoral trust or political party. ... However, the deduction amount allowed should not be more than the total income that is taxable.