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Section 182 contribution to political parties

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(Querist)
01 October 2017 Is it true that limit of contribution to political party of 7.5% is removed and a company can contribute any amount to them???

And the same amendment is applicable in November 2017 ca final exams??
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Gokul Sharma

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Gokul Sharma (Expert)
01 October 2017 Yes.....%age limit is removed. condition is only that co should be in existence in 3 years or more. Refer RTP issued by ICAI

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