List of political parties under 80ggc

Web30 jan. 2024 · Section 80GGB and 80GGC of the Income-tax Act, 1961 [1] mainly deals with donations and contributions made by an individual taxpayer and Indian Companies … 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.

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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 … WebASSEMBLY ELECTIONS - INDIA (Tamil Nadu ), 2011 LIST OF PARTICIPATING POLITICAL PARTIES PARTY TYPEABBREVIATIONPARTY REGISTERED(Unrecognised) PARTIES 30. JJ Jebamani Janata 31. JMM(U) Jharkhand Mukti Morcha (Ulgulan) 32. KNMK Kongu Nadu Munnetra Kazhagam 33. LCOP Lenin Communist Party 34. LSP … green health project https://southernkentuckyproperties.com

Donation to Political Party - Sections 80GGC and 80GGB Tax …

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 … Web18 feb. 2024 · Section 80GGC- Deduction in respect of contributions given by any person to political parties ; Section 80JJA- Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste ; Section 80QQB- Royalty income of authors of a certain specified category of books other than text books. WebThe acceptable sources of income are voluntary contributions under Representation of Peoples Act (RPA), 1951. Some other income sources are from membership fee, sale of coupons, etc. Section 13A of the RPA provides political parties 100% exemption on income from house property, income from other sources, voluntary contributions and … green health school and college

Deduction in respect of contributions given by any person to political …

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List of political parties under 80ggc

80GGC – Public Political Party

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 … 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.

List of political parties under 80ggc

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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, … Web19 uur geleden · Section 80GGC Deduction Section 80GGC deduction of the Income-tax Act is allowed from gross total income of an individual assessee for contributions made to a political party or an electoral trust. The entire amount of contribution made under Section 80GGC will be eligible for tax deduction.

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 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. … Web26 okt. 2024 · Hello Tax gurus, I have mode some donation to political party under section 80GGC. But My employer is not accepting that Donation saying that it is not listed in "DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 ". Please guide is there any such rule to not accepting 80GGC …

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 …

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

Web5 mei 2012 · Listed below are some little-known tax benefits that can help you save a considerable amount in taxes every year. Contributions to a political party If you have contributed any amount to a recognised political party, you are eligible to claim a tax deduction ranging from 50 percent to 100 percent of the amount under Section 80GGC … green health services ggmbhWeb17 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... green health scotlandWeb26 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 … green health services falkensteinWeb26 jun. 2024 · After scrutiny, the ECI has taken action against more than 2,100 registered unrecognised political parties for flouting rules. Uttar Pradesh-based Jan Raajya Party, … flutter raisedbutton deprecatedWeb30 jan. 2024 · Section 80GGB and 80GGC of the Income-tax Act, 1961 [1] mainly deals with donations and contributions made by an individual taxpayer and Indian Companies towards political parties. The cashless amount that is donated to any political party registered under Section 29A is eligible for 100% deductions. Section 80GGB flutter raised button not workingWeb24 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 … green health serviceWeb20 jun. 2024 · Submitted September 28, 2024. List of political parties registered from 01.04.2024 to 19.08.2024. By Political Party Division. 1. United Socialist Party. 2. … flutter radio player