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CHANDA DO… TAX BACHAO!

Election funding can reap some smart tax saving with 100% tax deduction for donations to political parties! Political donations entitled to 100% tax deduction in computing taxable income. Effective tax saving possible from 30.9% to 32.445% of the amount of donation. No monetary limit for political donations by non-corporate tax payers. Corporate donations restricted to 5% of average profits under Company Law.     ...

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