In computing the total income of an assessee, being any person, except local authority and every artificial juridical person wholly or partly funded by the Government, there shall be deducted any amount of contribution made by him, in the previous year, to a political party or an electoral trust:
1 Provided that no deduction shall be allowed under this section in respect of any sum contributed by way of cash.
Explanation.-For the purposes of sections 80GGB and 80GGC, "political party" means a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951).
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1. Ins. by s. 18, ibid. (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