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CA. Rajat Mohan B.Com(H),ACA, ACS, DISA 1 Tax Planning through Investments DEDUCTIONS AVAILABLE DEDUCTIONS AVAILABLE TO OTHERS TO OTHERS.

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Presentation on theme: "CA. Rajat Mohan B.Com(H),ACA, ACS, DISA 1 Tax Planning through Investments DEDUCTIONS AVAILABLE DEDUCTIONS AVAILABLE TO OTHERS TO OTHERS."— Presentation transcript:

1 CA. Rajat Mohan B.Com(H),ACA, ACS, DISA 1 Tax Planning through Investments DEDUCTIONS AVAILABLE DEDUCTIONS AVAILABLE TO OTHERS TO OTHERS

2 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 2 SECTION 80GGB DEDUCTION IN RESPECT OF CONTRIBUTIONS GIVEN BY COMPANIES TO POLITICAL PARTIES

3 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 3 (A). TAXPAYER CATEGORY- SECTION 80GGGC This exemption is available to taxpayers, being Indian company

4 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 4 (B). CONDITIONS - SECTION 115 F (a)Any sum contributed in the previous year. (b)Amount is paid to any political party or an electoral trust.

5 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 5 (C).AMOUNT OF DEDUCTION- SECTION 115F Amount paid as contribution.

6 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 6 SECTION 80GGC DEDUCTION IN RESPECT OF CONTRIBUTIONS GIVEN BY ANY PERSON TO POLITICAL PARTIES.

7 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 7 (A).TAXPAYER CATEGORY - SECTION 80GGC This deduction is available to any taxpayer, except local authority and every artificial juridical person wholly or partly funded by the Government

8 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 8 (B).CONDITIONS (a)Any sum contributed in the previous year. (b) Amount is paid to any political party or an electoral trust. (c) Dual benefit to member AOP/BOI not allowed criteria — Where, benefit of this deduction is given to an association of persons or a body of individuals, no deduction under this section shall again be allowed to member of the association of persons or body of individuals in relation to the share of such member.

9 MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 9 (C).AMOUNT OF DEDUCTION Amount paid as contribution.

10 10 THANK YOU Your comments and suggestions are of utmost importance and are always welcomed. CA. Rajat Mohan B.Com(H), ACA, ACS, DISA MOHAN AGGARWAL & ASSOCIATES Chartered Accountants Head Office F-31 D.B. Gupta Market, Karol Bagh, New Delhi-110005 Office Phone: 011-23672609 / 23535809 Branch Office 18A, IInd Floor, North Avenue Road, West Punjabi Bagh, New Delhi-110026 office Phone: 011-4732696/97 Website: www.delhicamohan.com E-mail: rajat.mohan@icai.orgrajat.mohan@icai.org


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