U (General)
Hi Shekar from Bangalore 8971847357
Under Section 80 GGB of the Income Tax Act a Donation/Contribution from any Company to an electoral body/political party qualifies for 100% Income Tax exemption without any Limits
Original documents of Party & Bank details will be shown to the Company representative (this cannot be sent by Watsapp)
There are no Agents in the deal from our side as I am the decision maker
Documents required from Company side is only Cancelled cheque & PAN card of the Bank account from where donation is being done.
Donation will happen from the Company to the Political Party's Account & re-RTGS will be done to ANY Account the Company specifies
re-RTGS to Company nominee will be 70%, Party will retain only 20% & Commission AB (50 : 50)
Company will get back 70, Income Tax Benefit is 35 ... 105 gain for 100 donation. This is the safest & best scheme in the market
There's no liquid in the whole deal.....all transactions only by RTGS or Demand Draft
For Donors safety commitment will be given from Bank Manager's side & covering letter, cheque & RTGS form will be handed over to Company who can themselves be in the Bank premises & get the deal done
If the Company side receiving Account is in IndusInd Bank anywhere in India, the re-RTGS can happen in max 2 hour's time after credit to our Party Account.
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