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(Donations exempt from income tax u/s 80GGB and 80GGC of the IT Act, 1961)
   
Funding


The Professionals Party of India (PPI) invites funds/contribution from all citizens who wish for a systemic change in the governance of India.
 
PPI will accept funds/contributions via cheques, DD or Direct Bank Transfer.

Banking Details
Bank’s Name : Union Bank of India
Address : Aga Khan Palace Branch, Yerwada, Pune 411 006
Account Name : Professionals Party of India
Bank Account No  :  467702010504482
RTGS : UBIN0546771
NEFT : UBIN0546771

Any citizen wishing to pay by cash would be accepted with due receipt provided.

All contributions to the party are entitled for 100% Income Tax exemption. Please send all your details including Name, address, telephone and PAN number.





Important Legal and Regulatory Reminders for Indians  
  • As per Sections 80GGB and 80GGC of the Income-Tax Act (1961), the entire sum contributed by an Indian company or individual to any political party is eligible for deduction while computing the income tax.
  • As per Section 293A of the Companies Act (1956), a private Indian company/association/firm/corporation can contribute to a political party or for political purpose an amount not exceeding 5% of its net profit averaged over the immediate three preceding financial years. The entire such contribution is exempt from income tax.
  • As per 29C of The Representation of People Act (1951), all contributions (individual or corporate) made in excess of twenty thousand rupees have to be reported to the Election Commission.






  • Please mail all your contributions to the address mentioned below:
     
    Professionals Party of India
    Correspondence Office:
    2, Maya Apartments, 5, Lawrence Colony, 
    Uday Baug Road, Sopan Baug, Pune 411013, India




     
         
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