Tuesday, 3 December 2013

Romancing the Taxation ... Amendment For May/June-14 Sec.80GGB/GGC


Sec.80GGB/GGC

No Donation shall be allowed u/s 80GGB/GGC in respect of any sum paid to political party to political Party by way of cash from the AY 14-15.

In short Deduction is allowed only on payment by cheque.

However donation before AY 14-15 will be allowed in any mode.

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