Taxmann Taxation of Political Donations with How to Respond to Notices Concerning Bogus Political Donations By Srinivasan Anand G Edition April 2023

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This comprehensive book guides claiming deductions under Sections 80GGB and 80GGC for political donations and discusses relevant provisions of the Income-tax Act, Companies Act, and Representation of People Act. It offers checklists, case studies, and strategies for responding to notices on bogus political donations, divided into three key divisions that cover legal provisions, political party registration, and handling notices.

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Taxmann Taxation of Political Donations By Srinivasan Anand G

Taxmann Taxation of Political Donations By Srinivasan Anand G

This handbook comprehensively covers Income-tax & related aspects of political donations, including the following:

  • Provisions of Income Tax Act applicable to Donations to Political Parties
  • Acceptance of Donations by Political Parties & Tax Exemption to Political Parties
  • How to Handle Income Tax Notices Received by Donors with Case Studies
  • Specimen replies against show-cause notice for making disallowance

The Present Publication is the Latest 2023 Edition and has been amended up to April 2023. This book is authored by CA Srinivasan Anand G. with the following noteworthy features:

  • [Handbook for Claiming Deduction u/s 80GGB & 80GGC] for donations to the following:
  • Donations to Political Parties
  • Payments for Advertisement in Souvenirs, Brochures, Tracts, or Pamphlets of Political Parties
  • [Detailed Analysis of Legal Provisions] which includes the following:
  • Income-tax Act 1961
  • Section 80 GGB
  • Section 80 GGC
  • Section 37(2B)
  • Representation of People Act 1951
  • Companies Act 2013
  • [Checklist for Making Donations to Political Parties] and avoiding the following:
  • Violation of Relevant Provisions of the Companies Act 2013
  • Avoiding Loss of Deduction under Sections 80GGB/80GGC
  • Avoiding Disallowance under Section 37(2B)
  • [How to Respond to Notices Supplemented by Case Studies] regarding bogus political donations
  • [Specimen Replies] against show cause notice for making disallowance

The detailed contents of the book are as follows:

Provisions of Income Tax Act applicable to Donations to Political Parties

  • Introduction
  • Tax Benefits to Corporate Donors or Donations made to Political Parties
  • Tax Benefits to Non-Corporate Donors on Donations Made to Political Parties
  • Expenditure on Advertisement in Souvenirs, Brochures, Tracts, Pamphlets or the like Published by a Political Party
  • Do’s and Don’ts of Making Donations to Political Parties – Checklist

Acceptance of Donations by Political Parties & Tax Exemption to Political Parties

  • Definition of Political Party
  • Registration of Political Party with ECI
  • Entitlement of Registered Political Parties to Accept Donation
  • Filing of Reports of Contribution Received by Registered Political Party
  • Special Provisions Relating to Incomes of Political Parties

How to Handle Income Tax Notices Received by Donors with Case Studies

  • How to Handle Income Tax Notices Received by Donors of RUPPs
  • Case Studies – Responses of Donors to Notices

About the author

CA Srinivasan Anand G has qualified in the exams of all three premier professional institutes, i.e., ICAI, ICWAI & ICSI. He is the author of best-selling books on Tax laws and Auditing. The following books, authored by him, have been among the bestsellers:

Tax Laws

  • Tax Audit
  • Taxation of Start-ups and Investors
  • Law relating to Prohibition of Benami Property Transactions Act, 1988
  • TDS Ready Reckoner
  • Taxation of Loans, Gifts and Cash Credits

Audits & Auditing

  • Tax Audit
  • CARO 2020
  • Law relating to Income Computation and Disclosure Standards

He has been a guest faculty member with various institutes such as Regional Training Institute, Comptroller & Auditor General of India, Western Coalfields Ltd., Punjab National Bank, and Zonal Training Centre. He also spoke at Study Circle Meetings organized by the Nagpur Branch of ICAI.

Weight 0.5 kg
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