Section-136: Deduction in respect of contributions given by companies to political parties

Section-136 : Deduction in respect of contributions given by companies to political parties

Section-136 seeks to provide for deduction in respect of contributions given by companies to political parties. Learn to understand the section-136 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-136 as per act

An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 or an electoral trust.
In this section, the word "contribute", with its grammatical variations and cognate expressions shall have the same meaning as assigned to it in section 182 of the Companies Act, 2013.