Benefit of Donation to Public Political Party (PPP)
- If a Person donate to Public Political Party (PPP) shall get 100% Income Tax Exemption u/s 80GGC of Income Tax Act, 1961. Any Indian Citizen or NRI who is having valid Indian Passport can donate. Indian citizens can make their tax-deductible donation to the Public Political Party (PPP) from their Indian and Foreign accounts.
- If a Company/Trust/Society donate to Public Political Party (PPP) shall get 100% Income Tax Exemption u/s 80GGB of Income Tax Act, 1961. Any Indian Company / Trust / Society or Foreign Company / Trust / Society can donate which is having less than 50% foreign share, as per Foreign Contribution Regulation Act (FCRA).
- Any person/company/trust/society can get loan from Public Political Party (PPP).
- Any person/company/trust/society can give loan to Public Political Party (PPP) for 3,5,7 years and can get interest of 12%, 15%, 18% respectively.
- Any person/company/trust/society sell/buy property to/from Public Political Party (PPP).
- Public Political Party (PPP) can give/get donation to/from any NGO (Trust/Society)
- Any profit (by business/capital gain/Interest/Rent or in any source or donation) of Public Political Party (PPP) is not taxable u/s 13A of Income Tax Act, 1961
- If donor doesn’t want to show his/her identity can donate electoral bond od Rs. 1000 / 10000 / 100000 / 1000000 / 10000000. Electoral Bond is substitute of cash donation. But in cash donation donor shall not get any tax benefits u/s 80GGB/80GGC.
How to Donate and Get Financial Relationship with Public Political Party (PPP)
Donations to Public Political Party (PPP) are governed by the Indian law. Under this law, only an Indian citizen or an NRI holding an Indian passport can donate. Please note that the Party is required to submit details of all donations to the Election Commission periodically and for this purpose, it is required for the donor to provide his / her personal details. The Party guarantees that this information will not be used for any other purpose. If Donation is above Rs. 20000/-, donor shall have to mention his/her Permanent Account Number (PAN). Cash Donation shall not be accepted above Rs. 2000/- as per guideline of Election Commission of India. Electoral Bond is a substitute of cash donation only.
How to donate?
Online Donation via Paytm or UPI (Unified Payment Interface) or Direct Fund Transfer using NEFT/RTGS or Systematic Donation via NACH or Sending Cheque or Demand Draft.
Paytm No: 7289867495, 8130956030
Bank Account Details
Account Name: Public Political Party
Bank Name: Punjab National Bank
Bank Branch: Crossing Republic, Ghaziabad – 201016
Account No: 7789002100000321
RTGS/NEFT IFS Code: PUNB0778900
Account Type: Current Account
PAN: AAAJP1293Q
Address for Sending Cheque/Demand Draft
Public Political Party (PPP)
HN#43, Village-Juhi, Shukulpur, Post-Sangipur, Tehsil-Lalganj Azhara,
District-Pratapgarh, Uttar Pradesh, India, PIN-230139
Legal Clarification
Income of and/or contribution to a political party registered under Section 29-A of Representation of People Act 1951 are exempt under Section 13-A and 80GGB/ 80GGC respectively. For this purpose, no registration/certification is required under IT Act 1961. Therefore, registration certificate issued by Election Commission of India and PAN allotted by Income Tax Department are the only two documents which enable a registered political party to collect contributions.
You can know about Public Political Party (PPP):
PAN: AAAJP1293Q
Registration No: 1951/56/08/2010/PPS-I
Registration Authority: Election Commission of India
Registration Date: 3rd June 2011
For More Details Contact:
E-mail ID: donation@publicpoliticalparty.com or pppdonationindia@gmail.com
Mobile: 7289867495, 8130956030
