Deduction in respect of contributions given by any person to political parties [Section 80GGC] :

(i) This section provides for deduction of any sum contributed in the previous year by any person to a political party or an electoral trust. However, no deduction shall be allowed in respect of any sum contributed by way of cash.

(ii) However, the deduction will not be available to a local authority and an artificial juridical person, wholly or partly funded by the Government.

(iii) “Political party” means a political party registered under section 29A of the Representation of the People Act, 1951.