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Donation by a trust to political party.

Tax queries 388 views 3 replies

Is there any limit on amount of donation by a Trust to a political party??

If yes, than under which section??

Replies (3)
there's no limit but donations made in excess of 2000 by way of cash is not eligible for deduction
Originally posted by : rama krishnan
there's no limit but donations made in excess of 2000 by way of cash is not eligible for deduction

Agree

There is No limit on Giving donation but the Tax Deduction would be affected as follows:

In hands of Doner (Trust as mentioned by you):

Deduction would be allowed under section 80GGC for the donation made to political parties/electoral trust. BUT If anything is given in cash that would be Disallowed for 80GGC.

In hands of Political Parties/Electoral Trust:-

Any amount of donation received in Cash above 2000/- shall be Disallowed in their hands. But Upto 2000 cash donation can be accepted by them.


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