Such expenditure may be in form of advertisement, in

souvenir,brochure,tract,pamphlet etc

of political party

Even if they are for the purpose of business,still no deduction allowed under Section 37


Even Monetary Donation directly to political parties not allowed

(Donation to political party is allowed under chapter VI A (which we will do later)

Particulars Amt Advertisement in Pamphlet etc  Donation to Political Party
Income from Salaries xx    
Income from House Property xx    
Profits and Gains of Business and Profession xx <---Disallowed here <----Disallowed here
Income from Capital Gains xx    
Income from Other Sources xx    
Gross Total Income xx    
Deductions under Chapter VIA xx N/a <----Allowed here (S ec 80GGB and 80GGC )
Net Total Income      
Tax on Net total Income xx    





Proft and Loss of A Ltd  
SALES 500000
PROFIT 100000
Suppose expense include   
Donation to AAP 30000
Advertisement in pamphlet of AAP 10000
View Answer
  1. Income Tax
  2. PGBP Income

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.