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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Donation made to Political Party – AO was justified in ...


Deduction for Political Donations Limited to 5% of Average Profit Over Last Three Years u/s 80GGB.

October 4, 2014

Case Laws     Income Tax     AT

Donation made to Political Party – AO was justified in restricting the admissible deduction u/s.80GGB to the extent of 5% of the average profit of the assessee for the three immediately preceding three years - AT

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