Despite of being allowed to donate for political parties, individuals/ companies/ enterprises need to take care of certain points before doing so. Income Tax Act, 1961 imposes some restriction for this purpose and tax deductions, which include
Some expenses like TV commercials, ads, radio jingles and social media ads done by political parties is also considered to be under the same head. Amount spent by any company for publicizing in any magazine owned by political party is exempted from tax under section 80 GGB of Income Tax Act, 1961. If there are proper proofs with the company regarding the ads, there is not any limit or restriction for amount to be spent.
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