List of political parties under 80ggc

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August undefined, 2024

Web13 apr. 2024 · As per Section 80GGC, an individual can make a donation or contribution only to the following entities: An electoral trust Any political party registered under … Web14 jan. 2024 · A party seeking registration under the said Section with the Commission has to submit an application to the Commission within a period of 30 days following the date of its formation as per guidelines prescribed by the Commission in exercise of the powers conferred by Article 324 of the Constitution of India and Section 29A of the …

Section 80GGC of Income Tax Act: Eligibility, Types, Deductions

Web9 apr. 2015 · The amount of deduction allowed is 100% of the sum donated to the political party. Conditions to Claim Tax Deductions under 80GGC. There are certain conditions that ought to be satisfied to claim deduction u/s 80GGC : Donation must be paid in any of the mode apart from cash. This signifies that amount has to be given by cheque or net … WebThe amount that can be deducted from taxes has no upper limit. A qualifying firm may deduct any sum given to a registered political party (under Section 29A of the RPA, … dichteanomalie des wassers python grafik

Bogus donations to Political Parties - taxguru.in

Web17 jul. 2024 · The following groups are specified under the Section 80GGC to make the political contribution- an individual, a Hindu Undivided Family (HUF), a firm, an AOP or … WebSection 80GGC of Income Tax Act, 1961 Section 80GGC under the Income Tax Act, 1961 provides tax deduction benefits on donations made by any individual (person) to political parties (like Public Political Party) subject to certain conditions. It should be noted that there is no upper limit specified under section 80GGC, which means any amount… Web27 feb. 2024 · Features of Section 80GGC. Any amount (No limit) contributed to a political party is allowed as a deduction from total income. Deduction is allowed only when a political party is registered under section 29A of the Representation of the People Act, 1951 (43 of 1951) No deduction shall be allowed for the amount contributed in cash. dichte butylacetat

Section 80G - Difference between Section 80GGB & 80GGC

Section 80GGC Deduction - Income Tax - IndiaFilings

WebSECTION 80GGC. SECTION 80GGB. The advantages are only accessible to certain taxpayers. Benefits apply to corporations. Any Indian corporation that contributes any amount to a political party or an electoral trust registered in India can claim a tax deduction for the amount contributed under Section 80GGB of the Income Tax Act 1961. Web27 jan. 2024 · Section 80GGC – Contribution by any other Person – Political Contribution In computing the total income of an assessee, being any person, except local authority … dichte chloroformWeb15 jul. 2024 · Therefore, you can claim any amount of deduction for donations/contributions made to political parties or electoral trusts under section-80GGC. Donations made to a political party or electoral trust is 100% tax deductible. It is to be noted that deduction allowable under this section cannot exceed the total taxable income of the assessee. citizenm hotel boston check out time

"Web23 jan. 2024 · Though you can contribute to a political party, you cannot avail deduction under section 80G. A separate section 80GGB and section 80GGC have been introduced in the Income Tax Act for making donations towards political parties. Also Read: Section 80GGB: Tax Benefit on Political Donations " - List of political parties under 80ggc

List of political parties under 80ggc

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Web19 aug. 2024 · Many Persons or Companies support Public Political Party (PPP) because of the ideologies with the party. Apart from this, the primary reason for supporting a political party is to avail Income tax deductions. Section 80GGB and Section 80GGC provide benefit to the taxpayer in tax deductions. Political contributions are generally made to cover the … Web17 nov. 2015 · To avail the tax exemption under Section 80GGC of the Income Tax (I-T) Act, one must pay through cheques, demand drafts or internet banking and not through cash. Donations to political...

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WebBoth individuals and companies can claim deduction on 100% of the amount donated by them to a political party under Section 80GGC and 80GGB respectively. The entire … Web26 jun. 2024 · Three little known political parties that allegedly managed to mobilise over Rs 1,000 crore in election donations are now said to be in the dock for serious financial fraud, including round tripping the money back to the donors after claiming income-tax exemptions. Gujarat-based Manav Adhikar National Party, Apna Desh party from Uttar …

WebThe maximum tax deduction against donations to a political party or electoral trust under Section 80GGC is 100%. However, as this Section is under Chapter VIA deductions, the total deduction amount cannot exceed an individual's total taxable income. Moreover, tax deductions are not valid on TDS on a taxpayer's salary. Web2 jun. 2024 · List of Political Parties ; Expenditure Reports; Contribution Reports; Annual Audit Reports; Constitutions of Political Parties; Organizational Election; Recognition & De-recognition of parties; Dispute, Merger etc; Misc, Orders, Notices, etc; … Constitutions of Political Parties. Yuvajana Sramika Rythu Congress Party- … Remarks of Political Parties on Revised Draft Transparency Guidlines dated … Candidate/Political Parties Candidate Nomination & other Forms Candidate … Judgement dated 02.01.2024 of the Hon'ble Supreme Court regarding seeking votes … List of Political Parties Year 2010-13. Amendment Notification Dated … Organizational Election of Political Parties ; Organizational Election. Rashtriya … Status of filing of Contribution Report by Political Parties (Recognized National … Status of filing of Annual Audit Report by Political Parties (Recognized National …

Web8 sep. 2024 · Sources stated that section 80GGC of Income Tax says that an individual can donate any amount to any political party registered under section 29A of the Representation of the People Act. WebNATIONAL PARTIES 1. BJP Bharatiya Janata Party 2. BSP Bahujan Samaj Party 3. CPI Communist Party of India 4. CPM Communist Party of India (Marxist) 5. INC Indian National Congress 6. NCP Nationalist Congress Party 7. RJD Rashtriya Janata Dal STATE PARTIES 8. SP Samajwadi Party STATE PARTIES - OTHER STATES 9. AIFB All India …

Web—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). 17. Inserted by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010. 18. Inserted by the Finance Act, 2013, w.e.f. 1-4-2014.

Web6 mei 2024 · An Indian Company can claim the deduction under Chapter VI-A of any amount that is contributed/ donated through a bank to a Political Party or Electoral Trust. For the purposes of sections 80GGB, “Political party” means a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951). dichte chlorethanolWeb2 dagen geleden · Nagpur: The fallout of last year’s income tax action against bogus donations to political parties is also been seen in Nagpur these days. ... The department is seeking a reply that why a notice under section 148 of the income tax act should not be issued to them. ... dichte cyclohexaneWeb30 dec. 2024 · Section 80GGC under the Income Tax Act, 1961 provides tax deduction benefits on donations made by any individual to political parties subject to certain … dichte cyclohexenWeb2 aug. 2016 · 7. The Chief Minister's Earthquake Relief Fund, Maharashtra. 8. Donations made to Zila Saksharta Samitis. 9. The National Blood Transfusion Council or a State Blood Transfusion Council. 10. The ... citizenme surveysWeb10 apr. 2024 · However, in a case where the addition is made under section 115 BBE, the penalty shall be restricted to 10% of the tax. Considering a donation of Rs. 1 Lakh made … citizenm hotel glasgow addressWebASSEMBLY ELECTIONS - INDIA (Bihar ), 2010 LIST OF PARTICIPATING POLITICAL PARTIES PARTY TYPEABBREVIATIONPARTY REGISTERED(Unrecognised) PARTIES 73. RPP Rashtriya Pragati Party 74. RSMD Rashtriya Samanta Dal 75. RSP(S) Rashtriya Samajwadi Party (Secular) 76. RSWD Rashtra Sewa Dal 77. RVNP Rashtravadi Janata … dichte asphalt ac 22 tsWebThe following groups are specified under Article 80GGC to make a political contribution - individual, Individual Hindu Family (HUF), company, AOP or BOI and Legal Practitioner. Last person on the list must not be sponsored by the government. Tax benefits can also be made by making donations to many political parties instead of just one. citizenm hotel boston breakfast