Section 80GGC of the Income Tax Act, 1961, is a provision that allows individuals to claim deductions on contributions made to political parties, subject to certain conditions. Section 80GGC of the Income Tax Act allows individuals to claim a tax deduction on the amount donated to political parties or electoral trusts. The unique feature of this section is that you can avail of a 100% deduction on the amount donated, with no upper cap, as long as the total deduction does not exceed your total taxable income. Section 80GGC offers tax deductions for political donations—know the limits, eligibility, and exceptions to claim benefits under Income Tax Act. Learn how to claim 100% deduction for donations to political parties or electoral trusts under section 80GGC of the Income Tax Act. Find out the eligibility, mode of payment and FAQs on this deduction.
