Donation,( other than cash) given to Indian Business Party is exempt under Income Tax Act under Section 80GGC for individuals and Section GGB for corporate organisations.
Donations upto Rs 20,000 can be accepted in Cash.All donor are advised to collect official cash receipt from person collecting Donations from you
Donation exceeding Rs 20,000/- can be made by way of Cheque/Demand Draft/ RTGS/ NEFT in favour of Indian Business Party payable at New Delhi. And these may be sent to central office of Party i.e. 1207 Pragati Tower,26 Rajendra Place,New Delhi 110008
Donation can be made by RTGS/NEFT as per following details.
Name of beneficiary : Indian Business Party
Account No : 1522000100376997
IFSC Code : PUNB0152200
Details of the Bank : Punjab National Bank, 117,Prabhat Kiran,Rajendra Place,New Delhi
Donors doing RTGS/NEFT are advised to quote their RTGS/NEFT details in donation form to enable us to trace your donation.
PAN Number of Donor is mandatory for donation exceeding Rs 20,000/- (Rs Twenty Thousand only)
PAN No of Indian Business Party is AAABI 0468 C (Download PAN No)