Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.
In the matter abovementioned ITAT partly allowed the appeal by estimation of 10% of total cash deposit towards possible revenue leakage.
The Union Budget for the upcoming fiscal year, 2025-26 or FY26, will come to pass on February 1, 2025. The Indian finance ...