Contributions made other than by way of cash by an Indian Company in the previous year to any political party shall be allowed as deduction to the extent of .......... % of contribution made.

CS Executive · Tax Laws · PYQS · December 2023
Contributions made other than by way of cash by an Indian Company in the previous year to any political party shall be allowed as deduction to the extent of .......... % of contribution made.
(A) 25%
(B) 50%
(C) 75%
(D) 100%

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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