Clause 136 - Deduction in respect of contributions given by companies to political parties. - Income Tax Bill, 2025

Deduction in respect of contributions given by companies to political parties. 136. (1) An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951) or an electoral trust. (2) In this section, the word contribute , with its grammatical variations and cognate expressions shall have the same meaning as assigned to it in section 182 of the Companies Act, 2013 (18 of 2013).