List of political parties under 80ggc

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August undefined, 2024

Web30 jan. 2024 · Section 80GGC was introduced under the IT Act, 1961 to eliminate or at least significantly reduce this problem and make electoral funding more transparent. If you’ve donated money to any political party or electoral trust, you are allowed to claim deductions on the same under this section. Here are 3 things you should know about Section … 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 …

Income Tax Exemptions for Political Parties in India Coverfox

Web#CASansaar #IncomeTax #80GGC100% Deduction allowed to Individual / Companies by Donation to Political Parties under section 80GGB / 80GGC of the Income Tax A... Web10 sep. 2024 · Tax benefits on donations to political parties are available under two sections - namely 80GGB and 80GGC. Deduction under Section 80GGB - Eligible Tax … smtp relay software free windows

Section 80GGC - Deduction on Donations to Political …

Web30 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 … WebASSEMBLY 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 … Web19 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 … rls magnetic ring

Article 80GGC: Individual Tax Benefits for Political Contributions

DEDUCTION FROM INCOME DONATION TO POLITICAL PARTY

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 … WebRashtriya Lok Dal (AJIT SINGH) 18. TMC (M) Tamil Maanila Congress (Moopnar) 19. LT CONG. Lok Tantric Congress. 20. ABHM. rls in toddlersWeb5 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 … rls low ferritin

"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. … " - List of political parties under 80ggc

List of political parties under 80ggc

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

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 … 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 …

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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 … 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 …

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. 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 …

Web19 uur geleden · Individuals who make contributions towards a political party can avail deductions for the same under Section 80GGC in the range of 50% - 100% of the contributed amount. As per the rules of the ... 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, …

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 …

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. rls logoWeb11 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 ... smtp relay spfWebNATIONAL 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 … smtp relay smarthost