1In 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 2 or an electoral trust:
3 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).
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1. Ins. by Act 46 of 2003, s. 10 (w.e.f. 11-9-2003).
2. Ins. by Act 33 of 2009, s. 34 (w.e.f. 1-4-2010).
3. Ins. by Act 17 of 2013, s. 17 (w.e.f. 1-4-2014).
Section 80DDB Deduction in respect of medical treatment, etc
Section 80E Deduction in respect of interest on loan taken for higher education
Section 80EE Deduction in respect of interest on loan taken for residential house property
Section 80G Deduction in respect of donations to certain funds, charitable institutions, etc
Section 80GG Deductions in respect of rents paid
Section 80GGA Deduction in respect of certain donations for scientific research or rural development
Section 80GGB Deduction in respect of contributions given by companies to political parties
Section 80GGC Deduction in respect of contributions given by any person to political parties