80ggc deduction: It is advised that for filing of

It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc. Section 80GGC offers tax deductions for political donations—know the limits, eligibility, and exceptions to claim benefits under Income Tax Act. 18[Providedthat no deduction shall be allowed under this section in respect of any sum contributed by way of cash.] 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 (43 of 1951). 17. Section 80GGC is a part of Chapter VI-A of the Income Tax Act, 1961 which include deduction towards donations made to Political Party or Electoral Trust. This section was added in the Finance Act 2009, with the objective of introducing transparency into electoral funding.