Question

ABC Private Limited (an Indian company) made a monetary donation of ₹5,00,000 to a registered political party. Out of this, ₹50,000 was paid in cash and ₹4,50,000 was paid via account payee cheque. How much deduction can the company claim under Section 135?

A ₹5,00,000
B ₹4,50,000
C ₹2,50,000
D ₹0
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)