Section-137: Deduction in respect of contributions given by any person to political parties

Section-137 : Deduction in respect of contributions given by any person to political parties

Learn to understand the section-137 as it is, it's help and useful links to follow.

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

1. Section-137 as per act

An assessee, (other than a local authority and an artificial juridical person wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, 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.