Executive Summary:
This notification announces the Central Government's approval of Ms Christian Medical College Vellore Association, Vellore, for the purpose of clause ii of subsection 1 of section 35 of the Income-tax Act, 1961, effective from the assessment year 2016-2017. The approval is subject to specific conditions regarding the use of funds, research activities, and reporting requirements. Failure to comply may result in withdrawal of the approval.
Key Points / Main Content:
Approval and Scope:
* Ms Christian Medical College Vellore Association, Vellore, is approved for the purpose of claiming benefits under Section 35(1)(ii) of the Income-tax Act, 1961, related to scientific research.
* The approval is effective from the assessment year 2016-2017.
Conditions for Approval:
* Funds received must be used exclusively for scientific research.
* Scientific research must be carried out by faculty members or enrolled students.
* Separate books of accounts must be maintained for scientific research funds.
* These accounts must be audited, and the audit report must be furnished to the Commissioner/Director of Income-tax by the due date for filing income tax returns under section 139(1).
* A separate statement of donations received and amounts applied for scientific research must be maintained, certified by an auditor, and included with the audit report.
* Donations received under Section 35(1)(ii) must be used exclusively for core scientific research, not for hospital activities, patient treatment, general education (other than research), or other organizational objectives.
* A statement detailing research work, publications, patents, and upcoming research programs with financial allocations must be furnished to the Commissioner/Director of Income-tax by the due date for filing income tax returns under section 139(1).
Withdrawal of Approval:
* The Central Government may withdraw approval if the organization:
* Fails to maintain separate books of accounts.
* Fails to furnish the audit report.
* Fails to furnish the statement of donations and their application.
* Ceases research activities or if research is not genuine.
* Fails to comply with Section 35(1)(ii) and related rules.
Impact Analysis:
Ms Christian Medical College Vellore Association, Vellore:
* Impact: Benefits from tax exemptions for donations received for scientific research, provided they adhere to the specified conditions.
* Action Required: Maintain accurate records, ensure proper utilization of funds, conduct required audits, and submit necessary reports and statements to the Income-tax Department within the stipulated deadlines.
Commissioner of Incometax or the Director of Incometax:
* Impact: Responsible for overseeing the compliance of Ms Christian Medical College Vellore Association, Vellore with the conditions stipulated in the notification.
* Action Required: Review audit reports and statements submitted by the organization, and monitor their research activities to ensure adherence to the regulations.
Donors to Ms Christian Medical College Vellore Association, Vellore:
* Impact: Can claim tax deductions for donations made towards scientific research at the college, conditional on the college maintaining its approved status and adhering to the specified guidelines.
* Action Required: Ensure that the donations are used exclusively for core scientific research.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for the economy and finances.
Department of Revenue: A department under the Ministry of Finance, Government of India.
Central Board of Direct Taxes: A body within the Department of Revenue responsible for direct tax administration in India.
New Delhi: The capital city of India, where the notification was issued.
Incometax Act, 1961: The primary law governing income tax in India.
Incometax Rules, 1962: The rules framed under the Incometax Act, 1961 for its implementation.
Ms Christian Medical College Vellore Association, Vellore: An organization that has been approved by the Central Government under Section 35 of the Income Tax Act.
Commissioner of Incometax: An Income tax Authority responsible for tax administration.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 304] NEW DELHI, THURSDAY, FEBRUARY 2, 2017/MAGHA 13, 1938
िव(cid:7004)त म(cid:7074)ं ालय
(राज(cid:7021)व िवभाग)
(क(cid:7286)(cid:7076)ीय (cid:7079)(cid:7004)य (cid:6979) कर बोड(cid:6981))
अिधसचू ना
नई (cid:7408)द(cid:7016) ली, 31 जनवरी, 2017
का.आ. 337(अ).—सव(cid:6981)साधारण क(cid:7409) जानकारी के िलए एतत(cid:7367)ारा यह अिधसूिचत (cid:7408)कया जाता ह ै (cid:7408)क क(cid:7286)(cid:7076) सरकार
(cid:7367)ारा आयकर िनयमावली, 1962 (उ(cid:6989) त िनयमावली) के िनयम 5ग और 5ड. के साथ प(cid:7407)ठत आयकर अिधिनयम, 1961
(उ(cid:6989) त अिधिनयम) क(cid:7409) धारा 35 क(cid:7409) उपधारा (1) के खडं (ii) के (cid:7079)योजनाथ (cid:6981) मैसस(cid:6981) (cid:7408)(cid:7059)सिचयन मेिडकल कॉलेज वे(cid:7016)लरू संघ,
वे(cid:7016)लरू (पनै ः एएएटीसी1278एन) नामक संगठन को िनधार(cid:6981) ण वष(cid:6981) 2016-17 और इससे आग ेक(cid:7409) अविध के िलए िन(cid:7013) निलिखत
शत(cid:7300) के अधीन ‘िव(cid:7393)िव(cid:7378)ालय, कॉलेज अथवा अ(cid:7008)य सं(cid:7021)थान’ क(cid:7409) (cid:7088)ेणी म(cid:7286) अनुमो(cid:7408)दत (cid:7408)कया जाता ह,ै नामत:-
(i) अनुमो(cid:7408)दत सगं ठन को (cid:7079)द(cid:7275) रािश का उपयोग वै(cid:6980)ािनक अनसु ंधान के िलए (cid:7408)कया जाएगा;
(ii) अनुमो(cid:7408)दत संगठन अपन ेसकं ाय सद(cid:7021)य(cid:7298) अथवा अपने नामा(cid:7408)ं कत छा(cid:7074)(cid:7298) के मा(cid:7007)यम से वै(cid:6980)ािनक अनुसंधान करेगा;
(iii) अनुमो(cid:7408)दत संगठन वै(cid:6980)ािनक अनुसंधान के िलए इसके (cid:7367)ारा (cid:7079)ा(cid:7009) त रािश के संबंध म(cid:7286) अलग लेखा बिहयां रखेगा िजनम(cid:7286)
अनुसंधान करन े के िलए (cid:7079)यु(cid:6989)त रािश दशा(cid:6981)ई गई हो, ऐसी खाता बिहय(cid:7298) क(cid:7409) उ(cid:6989) त अिधिनयम क(cid:7409) धारा 288 क(cid:7409) उप धारा (2)
के (cid:7021) प(cid:7020) टीकरण म (cid:7286) यथा प(cid:7407)रभािषत (cid:7408)कसी लेखाकार स ेलेखा परी(cid:6979)ा कराएगा और उ(cid:6989) त अिधिनयम क(cid:7409) धारा 139 क(cid:7409) उपधारा
(1) के अंतग(cid:6981)त आय िववरणी (cid:7079)(cid:7021) तुत करने क(cid:7409) िनयत ितिथ तक ऐसे लेखाकार (cid:7367)ारा िविधवत स(cid:7004) यािपत एवं ह(cid:7021) ता(cid:6979)(cid:7407)रत लेखा
परी(cid:6979)ा (cid:7407)रपोट(cid:6981) मामले म (cid:7286) (cid:6979)े(cid:7074)ािधकार रखने वाल ेआयकर आय(cid:6989)ु त अथवा आयकर िनदेशक को (cid:7079)(cid:7021) ततु करेगा;
568 GI/2017 (1)
(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(iv) अनुमो(cid:7408)दत संगठन वै(cid:6980)ािनक अनुसंधान के िलए (cid:7079)ा(cid:7009) त दान तथा (cid:7079)यु(cid:6989) त रािश का अलग िववरण रखगे ा और ऐसे दान
आधारभूत (cid:7272)प से वै(cid:6980)ािनक अनुसंधान के िलए अन(cid:7008)य (cid:7272)प स े (cid:7079)योग (cid:7408)कए जाएंग े और उपय(cid:6989)ु(cid:6981) त लेखा परी(cid:6979)ा (cid:7407)रपोट(cid:6981) के साथ
लेखा परी(cid:6979)क (cid:7367)ारा िविधवत स(cid:7004) यािपत ऐसे िववरण क(cid:7409) (cid:7079)ित (cid:7079)(cid:7021) तुत करेगा।
(v) सगं ठन (cid:7367)ारा अिधिनयम क(cid:7409) धारा 35 क(cid:7409) उपधारा (1) के खंड (ii) के तहत (cid:7079)ा(cid:7385) (cid:7408)कए जा रह ेदान को अन(cid:7008)य (cid:7272)प से केवल
वै(cid:6980)ािनक अनुसंधान के िलए (cid:7079)यु(cid:7334) (cid:7408)कया जाएगा, न (cid:7408)क (cid:7408)कसी अ(cid:7021)पताल काय(cid:6981)कलाप(cid:7298), मरीज(cid:7298) के उपचार स े संबंिधत
काय(cid:6981)कलाप(cid:7298), सामा(cid:7008)य शैि(cid:6979)क काय(cid:6981)कलाप(cid:7298) (अनुसंधान के अलावा) या संगठन के (cid:7408)कसी अ(cid:7008)य उ(cid:7374)े(cid:7019)य के िलए (cid:7079)यु(cid:7334) नह(cid:7277) (cid:7408)कया
जाना ह।ै
(vi) अनुमो(cid:7408)दत संगठन को धारा 139 क(cid:7409) उपधारा (1) के तहत आय-िववरणी को (cid:7079)(cid:7021)तुत करने क(cid:7409) िनयत ितिथ तक, आयकर
आयु(cid:7334) या आयकर िनदेशक को िववरण (cid:7079)(cid:7021)तुत करना होगा िजसम(cid:7286):-
(cid:183) (cid:32) पूव(cid:6981) वष(cid:6981) के दौरान इसके (cid:7367)ारा (cid:7408)कए गए अनुसंधान काय(cid:6981) संबंधी िव(cid:7021)तृत (cid:7407)ट(cid:7009)पणी;
(cid:183) (cid:32) वष(cid:6981) के दौरान रा(cid:7398)ीय या अ(cid:7008)तरा(cid:6981)(cid:7398)ीय पि(cid:7074)का(cid:7312) (जनल(cid:6981) ) म(cid:7286) (cid:7079)कािशत अनुसंधान लेख का सार;
(cid:183) (cid:32) वष(cid:6981) के दौरान आवेदन (cid:7408)कए या पंजीकृत कोई पेटे(cid:7008)ट या सदशृ अिधकार;
(cid:183) (cid:32) आगामी वष(cid:6981) के दौरान (cid:7408)कए जाने वाल े अनुसंधान प(cid:7407)रयोजना(cid:7312) का काय(cid:6981)(cid:7059)म और ऐस े काय(cid:6981)(cid:7059)म के िलए िव(cid:7275)ीय
आबंटन।
2. क(cid:7286)(cid:7076) सरकार यह अनुमोदन वापस ले लगे ी य(cid:7408)द अनुमो(cid:7408)दत संगठन:-
(क) पैरा(cid:7061)ाफ 1 के उप-पैरा(cid:7061)ाफ (iii) म(cid:7286) यथा उि(cid:7016)ल िखत अलग लेखा बिहयां रखन ेम(cid:7286) असफल रहता ह;ै अथवा
(ख) पैरा(cid:7061)ाफ 1 के उप-पैरा(cid:7061)ाफ (iii) म(cid:7286) यथा उि(cid:7016)ल िखत अपनी लेखा परी(cid:6979)ा (cid:7407)रपोट (cid:6981)(cid:7079)(cid:7021) ततु करने म (cid:7286)असफल रहता ह;ै अथवा
(ग) पैरा(cid:7061)ाफ 1 के उप-पैरा(cid:7061)ाफ (iv) म(cid:7286) यथा उि(cid:7016)ल िखत व(cid:6980)ै ािनक अनुसंधान के िलए (cid:7079)ा(cid:7009) त दान एवं (cid:7079)यु(cid:6989) त धनरािश का
िववरण (cid:7079)(cid:7021)त ुत करन े म(cid:7286) असफल रहता ह;ै अथवा
(घ) अपने अनुसंधान काय(cid:6981) कलाप(cid:7298) को करना बंद कर दते ा ह ै अथवा इसके अनुसंधान काय(cid:6981) कलाप(cid:7298) को वा(cid:7021) तिवक नह(cid:7277) पाया
जाता ह;ै अथवा
(ड.) उ(cid:6989) त िनयमावली के िनयम 5ग और 5ड. के साथ प(cid:7407)ठत उ(cid:6989) त अिधिनयम क(cid:7409) धारा 35 क(cid:7409) उपधारा (1) के खडं (ii) के
(cid:7079)ावधान(cid:7298) के अनु(cid:7272)प नह(cid:7277) होगा तथा उनका पालन नह(cid:7277) करेगा।
[अिधसूचना सं. 08/2017/फा. सं. 203/04/2016-आ.क.िन.-II]
अं(cid:7408)कता पांडेय, अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 31st January, 2017
S.O. 337(E).—It is hereby notified for general information that the organization M/s Christian
Medical College Vellore Association, Vellore (PAN:- AAATC1278N) has been approved by the Central
Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said
Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2016-
2017 onwards in the category of ‘University, College or other Institution’, engaged in research activities,
subject to the following conditions, namely:-¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
(i) The sums paid to the approved organization shall be used to undertake scientific research;
(ii)(cid:32) The approved organization shall carry out scientific research through its faculty members or enrolled
students;
(iii) The approved organization shall maintain separate books of accounts in respect of the sums
received by it for scientific research, reflect therein the amounts used for carrying out research, get
such books audited by an accountant as defined in the explanation to sub-section (2) of section 288 of
the said Act and furnish the report of such audit duly signed and verified by such accountant to the
Commissioner of Income-tax or the Director of Income-tax having jurisdiction over the case, by the
due date of furnishing the return of income under sub-section (1) of section 139 of the said Act;
(iv)(cid:32) The approved organization shall maintain a separate statement of donations received and amounts
applied for scientific research, such donations shall be used exclusively for core scientific research
and a copy of such statement duly certified by the auditor shall accompany the report of audit referred
to above.
(v)(cid:32) Donations being received by the organization under clause (ii) of sub-section (1) of section 35 of the
Act., shall be used exclusively for core scientific research only and not for hospital activities,
activities related to treatment of patients, general educational activities (other than research) or any
other object of the organization.
(vi)(cid:32) The approved organization shall, by the due date of furnishing the return of income under sub-section
(1) of section 139, furnish a statement to the Commissioner of Income-tax or Director of Income-tax
containing-
(cid:183) (cid:32) a detailed note on the research work undertaken by it during the previous year;
(cid:183) (cid:32) a summary of research articles published in national or international journals during the year;
(cid:183) (cid:32) any patent or other similar rights applied for or registered during the year;
(cid:183) (cid:32) programme of research projects to be undertaken during the forthcoming year and the
financial allocation for such programme.
2.(cid:32) The Central Government shall withdraw the approval if the approved organization:-
(a)(cid:32) fails to maintain separate books of accounts referred to in sub-paragraph (iii) of
paragraph 1; or
(b)(cid:32) fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or
(c)(cid:32) fails to furnish its statement of the donations received and sums applied for scientific
research referred to in sub-paragraph (iv) of paragraph 1; or
(d)(cid:32) ceases to carry on its research activities or its research activities are not found to be genuine;
or
(e)(cid:32) ceases to conform to and comply with the provisions of clause (ii) of sub-section (1) of
section 35 of the said Act read with rules 5C and 5E of the said Rules.
[Notification No. 08/2017/F. No. 203/04/2016/ITA-II]
ANKITA PANDEY, Under Secy.
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.