Section 80GGC allows a tax deduction to all Persons (other than Indian Company) for their contribution to any political party or an electoral trust. 100% of their contribution are tax deductible subject to the mode of payment is not cash.
Adding deductions u/s 80GGC,
Lets claim some deductions against the donations you have made to your preferred political party,
- Navigate to Save > Begin/Edit > Deductions > Add/Proceed.
- Select Section 80GGC and click on Proceed.
- Add the details of any donations made to political parties.
- Once you have added the amounts correctly, click on Save.
You would be able view all the deductions you have added in the summary view under, Tax Situation > Deductions.
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