Donation to Political Party – Sections 80GGC and 80GGB Tax Deductions

August 29, 2023 ⚊ 1 Min read ⚊ Views 55 ⚊ BLOG

Income tax rules encourage citizens of India to actively participate in the democratic process and save tax by donating to political parties of your choice. India is a vibrant democracy with more than 2500 political parties*. A citizen of India can exercise his voting power to support a party of his choice during elections. Apart from this, one can also extend financial support to political parties, and in the process, save tax on the amount donated for this purpose. Read on to know more…

Read details: https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/what-are-the-sections-80ggb-and-80ggc-on-political-party-donations/

Tags: 80ggc deduction, political party donation

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