80ggc deduction: Section 80GGC of the Income Tax

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 of the Income Tax Act, 1961, allows taxpayers to claim a deduction for donations made to political parties or electoral trusts. Explore its benefits, deductions, limits and criteria. Section 80GGC offers tax deductions for political donations—know the limits, eligibility, and exceptions to claim benefits under Income Tax Act. All about Section 80GGC in India - Entities to which donations or contributions can be made. Features, Exceptions & Procedures to Avail Deduction. Visit now.