§137
Section 137 — Deduction in respect of contributions given by any person to political parties
In plain terms: This section allows any person (other than a local authority or a Government-funded artificial juridical person) a deduction for contributions to a registered political party, if the contribution is made by a mode other than cash.
An assessee, (other than a local authority and an artificial juridical person wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951), or an electoral trust.
C.-Deductions in respect of certain incomes