Mera Samvidhaan All of Income-tax Act, 1961

Chapter VIA · Deductions to Be Made in Computing Total Income

80GGBDeduction in respect of contributions given by companies to political parties.

Section 80GGB · Chapter VIA · B.—Deductions in respect of certain payments · page 311 of the Act

In computing the total income of an assessee, being an Indian company, there shall be deducted any sum contributed by it, in the previous year to any political party or an electoral trust:

Provided that no deduction shall be allowed under this section in respect of any sum contributed by way of cash.

Explanation.—For the removal of doubts, it is hereby declared that for the purposes of this section, the word "contribute", with its grammatical variation, has the meaning assigned to it under section 293A of the Companies Act, 1956 (1 of 1956).

Other provisions that mention Section 80GGB

Section 80GGB of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.