Donation to a political party

This discussion clarifies the rules around company donations to political parties. Companies can claim donations up to 100% of their total taxable income, provided it doesn't exceed 7.5% of their average net profit over three years. Acceptable payment methods include cheques, demand drafts, electronic transfers, or pay orders directly to the party's bank account. It's important to note that these donations do not qualify for 80G tax deductions.