List of political parties under 80ggc

Author: ayfg

August undefined, 2024

WebExplanation. —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, … Web31 mrt. 2024 · Related Party Name PAN: 1: Bhartiya Rashtriya Tantra Party: AAABB3797P: 2: Rashtrawadi Jantaraj Party: AAAJR1481J: 3: Navsarjan Bharat …

Donations to pol parties: Taxpayers get notices in Ngp

WebIndian businesses may deduct tax payments made to registered political parties or an electoral trust under Section 80GGB of the Income Tax Act of 1961. Any amount donated to a political party may be claimed as tax deductible because Section 80GGB has no set limit Deductions from taxes under Section 80GGB Web11 apr. 2024 · List of All the Political Parties in India 2024: As India has a multi-party system, there are six national parties in the country: AAP, BSP, BJP, Congress, CPI-M, and NPP. Apart from these, India ... candyland room decor

80GGC - Politically party donation not consider by Employer

WebDear ICICI Bank, I have applied in CA campus placement and appeared for interview in your organization on 6th Mar,21. I was select and was told that HR will… WebUnder Section 80GGB of the Income Tax Act, 1971 no higher limit should be applied to contributions made to political parties. However, businesses are provided to contribute up to 7.5% of their annual net profit under the Companies Act of 2013. Amount contributed to the political party has to be registered in the profit and loss statement. 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… candyland scrapbook paper

Section 80GGC of Income Tax Act: Tax Benefits on Political …

Section 80GGB - Tax Deduction of Political Contribution

Web29 mei 2024 · The deduction is allowed to all except. Local Authority. Artificial judicial person partly or wholly funded by Government. Donation made by cash not allowed as deduction. 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. 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 … candyland scotia nyWebAny Sum contributed by an eligible assessee to any political party (registered u/s 29A of Representation of People Act) or Electoral Trust is eligible for deduction under Income Tax Act, 1961.; No deduction is allowable if contribution/Political Donation is made in cash (applicable from A.Y.2014-15). Eligible assessee means Indian co. and any other person … fish wars washington state

"Web28 sep. 2024 · Deduction Under Section 80GGC Individuals who contribute to any political party or electoral trust may avail tax deduction up to 100% of their contribution to that … " - List of political parties under 80ggc

List of political parties under 80ggc

Web24 mrt. 2024 · About donation to political party 80ggc limit. Here is the list of the 80GGC exemption limit: 100% of a taxpayer’s donation to a registered electoral trust or political party can be claimed. However, since this section is under Chapter VIA deductions, the total deduction cannot surpass the total income of an individual donating. Web28 feb. 2024 · What are the Eligibility Criteria to Claim 80GGC Deduction? Below persons can claim deduction under section 80GGC of income tax act: Individual; HUF; Firm; AOP …

Did you know?

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... 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 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 ... Web24 sep. 2024 · Donations to charitable organizations and trusts are tax deductible under Section 80G. Section 80GGB allows registered Indian firms to claim tax deductions for donations to political parties. Other taxpayers, such as individuals, HUFs, and corporations, can claim tax deductions for donations given to political parties under …

WebSection 80GGC – Individual taxpayers can deduct donations given to an electoral trust or political party from their gross revenue under section 80GGC of the Income Tax Act. The entire donation amount made under Section 80CCG is tax-deductible. The deduction percentage, must not be greater than the overall taxable income. Web10 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 …

WebThe 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.

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 … fish wars wikipediaWebSECTION 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. fish wars washingtonWeb27 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. fish wars videoWeb4 apr. 2024 · Section 80GGC deals with the benefit to those making donations to a political party. However, all donations to a political party are not eligible for benefit under this … fish washed ashoreWeb19 aug. 2024 · Section 80GGB. Under 80GGB an enterprise/company can claim tax deductions for the amount donated to any political party. However, the donations should be done through a recorded mode and the political party should be registered under Section 29A of the People Act. To get an idea about the tax deductions on contribution to … fish wartsWeb—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. candy land selling board gamesWeb10 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 by the tax payer and in a case where he fails to prove the genuineness of the donation to the political party, the tax outgo including interest and penalty can range between Rs. … fish washed up in san diego