Section 37(2B) Payment Made To Political Party

Section 37(2B) Extremely Important

No deduction is available for any expenditure incurred by assessee on advertisement in any souvenir, pamphlet, publication or newspapers of any political party.

Note: Such donation/expenditure is allowed as deduction u/s 80GGB/80GGC.

                   Deduction of various taxes, interest, penalty etc shall be as follows:

Type of expenditure

Direct Taxes (such as income tax,

AIT, etc)

Indirect Taxes (such as G5T, service

tax, VAT, etc)

Amount of tax

Not allowed as it is the personal

liability of the assessee

Allowed as it is a business liability

for the assessee

Interest paid/payable on delayed

payment of tax

Not Allowed


Interest on loan taken for

payment of tax liability

Not Allowed


Penalty for failure to comply with

the applicable law Not Allowed

Not Allowed

Not Allowed (as it amounts to

infraction of kw)

Refund of tax already paid

received by the assesse

Not treated as income

Treated as business income

Interest on refund received

Treated as income u/h other


Treated as business income

Litigation expenses



Filing returns and other

professional charges




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