Deduction u/s 80GGB - Donations to political parties - The ...

Donations to Political Parties Must Be Banked for Section 80GGB Deduction; Cash Not Allowed, No Receipt Needed if Verified.

September 3, 2022

Case Laws Income Tax AT

Deduction u/s 80GGB - Donations to political parties - The transaction is demonstrated through the bank account of the assessee. In any way, the donation paid in cash is as such not allowable under that Section. The provision of Section 80GGB also speaks about the contribution is defined in Section 293A of the companies act 1956. As assessee has shown that the amount is of contribution paid by account payee cheque, merely because receipt is not available it cannot be denied. - AT

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Deduction u/s 80GGB - Donations to political parties - The ...

Donations to Political Parties Must Be Banked for Section 80GGB Deduction; Cash Not Allowed, No Receipt Needed if Verified.

September 3, 2022

Case Laws Income Tax AT

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