Donation to political party

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2014 Hi,
My income under the head of salary is rs.646519.00 and deduction under chapter vi-a is rs.43059.00 so total income is rs.603460.00. I give donation to political party which is reg. u/s. 29a rs.100000/- and rs.881.00 to public charitable trust reg. u/s.12-a:.so please tell me the calculation of income.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 July 2014 1. Donation to political party is eligible for 100% deduction u/s 80GGB. However NO deduction is allowed if the amount is paid in cash.

2. Donation to charitable institution is eligible for 50% deduction u/s 80G PROVIDED the institution is registered u/s 80G.

So assuming compliance with above provisions, the total income will be as under:

Gross Total Income - Rs. 6,46,519
Deduction under Chapter VIA
80C - 43,059
80G - 440
80GGC - 1,00,000

Total Income - 5,03,020

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