New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Donation given by any person except by Indian company to

    Political Parties or Electoral Trust is allowed under which section?
    A 80GGC Correct Answer Incorrect Answer
    B 80GGB Correct Answer Incorrect Answer
    C 80G Correct Answer Incorrect Answer
    D 80C Correct Answer Incorrect Answer
    E 80D Correct Answer Incorrect Answer

    Solution

    Section 80GGC of the Income Tax Act allows a deduction of 100% of the amount donated to a political party or an electoral trust by any person except an Indian company.

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