Mitesh Shah (Article) (80 Points)
16 March 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174477 Points)
Replied 16 March 2023
Companies can claim up to 100% of their donation as long as it is less than their total taxable income. The only acceptable modes of payment include cheques, demand draft, electronic transfer, or a pay order towards the bank account of the political party.
However, Companies Act 2013 states that the contribution cannot be more than 7.5% of their annual net profit (average of 3 years).
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