The notification approves the 'Indian Institute of Science Education and Research, Tirupati' as a research institution under Section 35(1)(ii) of the Income-tax Act, 1961, making donations to it eligible for tax benefits.
This approval is specifically for 'Scientific Research' and categorizes the institute as a 'University, College or Other Institution'.
Key Changes
The 'Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)' is now an approved institution for the purpose of Section 35(1)(ii) of the Income-tax Act, 1961.
The notification is effective from the date of publication in the Official Gazette, applying from the Previous Year 2022-23.
The approval is valid for Assessment Years 2023-2024 to 2027-2028.
Impact Analysis
Stakeholders Impacted
Ministry of Finance: Oversees the implementation and impact of the notification through the Department of Revenue.
Suggested Action Items
The Ministry of Finance should monitor the impact of this notification on research funding and tax revenue.
Key Entities Referenced
Indian Institute of Science Education and Research, Tirupati: An educational and research institute now approved for tax-exempt donations under Section 35(1)(ii) of the Income-tax Act, 1961.
Income-tax Act, 1961: The principal act governing income tax in India. Section 35(1)(ii) provides for deductions for donations made to approved scientific research institutions.
Income-tax Rules, 1962: Rules framed under the Income-tax Act, 1961. Rules 5C and 5E are relevant to the approval process of institutions for scientific research.
Central Board of Direct Taxes (CBDT): A part of the Department of Revenue in the Ministry of Finance. It is responsible for the administration of direct tax laws through the Income Tax Department.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-16012023-242007
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CG-DL-E-16012023-242007
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 256] नई दिल्ली, सोमिार, िनिरी 16, 2023/पौर् 26, 1944
No. 256] NEW DELHI, MONDAY, JANUARY 16, 2023/PAUSHA 26, 1944
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोड)ड
अजधसचू ना
नई दिल्ली, 16 िनिरी, 2023
का.आ. 270(अ).—केन्द्रीय सरकार, आयकर जनयमािली, 1962 के जनयम 5ग और 5ड. के साथ पठित आयकर
अजधनजयम, 1961 (1961 का 43) की धारा 35 की उप-धारा (1) के खंड (ii) के द्वारा प्रित्त िजियों का प्रयोग करत े हुए,
आयकर जनयमािली के जनयम 5ग और 5ड. के साथ पठित आयकर अजधजनयम, 1961 की धारा 35 की उप-धारा (1) के
खंड (ii) के प्रयोिनों के जलए ‘जिश्वजिद्यालय, महाजिद्यालय या अन्द्य संस्ट्था’ की श्रेणी के तहत ‘िैज्ञाजनक अनुसंधान’ के जलए
‘भारतीय जिज्ञान जिक्षा और अनसु धं ान सस्ट्ं थान, जतरूपजत (पनै : AAAAI9820P)’ को अनुमोदित करती ह।ै
2. यह अजधसूचना रािपत्र (अथातड ् पूिड िर् ड 2022-23) म ें प्रकाजित होने की तारीख से लाग ू होगी और
तिनुसार, जनधाडरण िर् ड2023-2024 स े2027-2028 तक लागू होगी ।
[फा. स.ं 203/02/2022/आईटीए-II]
रजिन्द्र मैनी, जनिेिक
375 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 16th January, 2023
S.O. 270(E).—In exercise of the powers conferred by clause (ii) of sub-Section (1) of Section 35 of the
Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central Government
hereby approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ under the
category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-
Section (1) of Section 35 of the Income-tax Act, 1961 read with Rules 5C and 5E of the Income-tax Rules, 1962.
2. This Notification shall apply with effect from the date of publication in the Official Gazette (i.e., from
the Previous Year 2022-23) and accordingly shall be applicable for Assessment Years 2023-2024 to 2027-2028.
[F. No. 203/02/2022/ITA-II]
RAVINDER MAINI, Director
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.