HI FRNDS JUST WANT 2 KNOW WHETHER POLITICAL DONATIONS IN PGBP IS ALLOWED AS DED'N OR NOT.
THNX FOR HELP.
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Pgbp
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It is added back while computing the income u/h PGBP and d same is allowed under chapter VI-A
---Section 80GGB-- for companies
---Section 80GGC--for thers
Advertisement expenditure is fully allowed as deduction. However, expenditure incurred on advertisement in any souvenir, brochure, pamphlet etc. of a political party is not allowed as a deduction under the head PGBP. [section 37(2B) of Income Tax Act] (Source: dateyvs.com)
THNX A LOT KRISHNA & SUMIT SIR.
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