TAX BENEFITS
100% TAX EXEMPTION BENEFIT for All type of
* DONATIONS
* PURCHASINGS and
* MEMBERSHIPS.
Note : CASH below Rs.2000/- is acceptable for TAX but above Rs.2000 should be ONLINE / CHQ / DD only.
TAX benefits for Companies & others
Companies are eligible to claim benefits. As per the Section 80GGB of the Income Tax Act 1961, any Indian company that contributes any sum to a political party or an electoral trust registered in India can claim for a deduction for the amount contributed by it.
Amendment to Section 80G: From financial year 2017-18 onwards,
* any donations made in cash exceeding Rs 2,000 will not be allowed as a deduction.
* The donations above Rs 2,000 should be made in any mode other than cash to qualify under Section 80G.