Under the Income-tax Act, 1961, which of the following can claim deduction for any sum contributed during the previous year to a political party or electoral trust

CS Executive · Tax Laws and Practice · PYQS · June 2015
Under the Income-tax Act, 1961, which of the following can claim deduction for any sum contributed during the previous year to a political party or electoral trust
(A) Local authority
(B) Individual
(C) Artificial juridical person
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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