Section 80GGB:
Deduction in respect of contributions given by companies to political parties.
1In
computing the total income of an assessee, being an Indian company, there shall be deducted any sum
contributed by it, in the previous year to any political party 2
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 removal of doubts, it is hereby declared that for the purposes of this
section, the word “contribute”, with its grammatical variation, has the meaning assigned to it under
section 293A of the Companies Act, 1956 (1 of 1956).
Notes:
1. Ins. by Act 46 of 2003, s. 10 (w.e.f. 11-9-2003).
2. Ins. by Act 33 of 2009, s. 34 (w.e.f. 1-4-2010).
3. Ins. by Act 17 of 2013, s. 17 (w.e.f. 1-4-2014).