Section 80GGC - Deduction in respect of contributions given by any person to political parties - Income-tax Act, 1961

1 [Deduction in respect of contributions given by any person to political parties or electoral trust. 80GGC. 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, 2 [ to a political party 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 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). ] **************** NOTES:- 1. Inserted vide Section 10 of the Election and Other Related Laws (Amendment) Act, 2003 w.e.f. 11-09-2003 2. Substituted vide Section 35 of the Finance (No.2) Act, 2009 w.e.f. 01-04-2010 before it was read as, to a political party 3. Inserted vide Section 18 of the Finance Act, 2013 dated 01-04-2014