Executive Summary:
This notification announces the Central Government's approval of Ms International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) as a Scientific Research Association under Section 35(1)(ii) of the Income-tax Act, 1961, effective from the assessment year 2017-2018. The approval is subject to specific conditions regarding the nature of research, maintenance of accounts, and auditing. Non-compliance may lead to withdrawal of the approval.
Key Points / Main Content:
Approval and Scope:
* ICRISAT is approved as a Scientific Research Association under Section 35(1)(ii) of the Income-tax Act, 1961.
* The approval is effective from the assessment year 2017-2018.
Conditions for Approval:
* ICRISAT's sole objective must be to undertake scientific research.
* The organization must conduct scientific research itself.
* Separate books of accounts must be maintained for activities and operations performed through grants received under Section 35(1)(ii) of the Act.
* These books must be audited by an accountant as defined in Section 288(2) of the Act.
* An audit report, duly signed and verified by the accountant, must be furnished to the relevant Commissioner or Director of Income-tax by the due date for filing the income return under Section 139(1) of the Act.
* A separate statement of donations received and amounts applied for scientific research for ICRISAT must be maintained. The auditor must certify a copy of this statement and include it with the audit report.
Withdrawal of Approval:
* The Central Government may withdraw approval if ICRISAT:
* Fails to maintain separate books of accounts.
* Fails to furnish the audit report.
* Fails to furnish the statement of donations received and sums applied for scientific research.
* Ceases to carry on its research activities, or its research activities are not found to be genuine.
* Ceases to comply with the provisions of Section 35(1)(ii) of the Act and Rules 5C and 5D of the Income-tax Rules.
Impact Analysis:
ICRISAT:
* Impact: Recognized as an approved Scientific Research Association, enabling donors to claim tax benefits. Must adhere to specific conditions to maintain this status.
* Action Required: Ensure compliance with all conditions, including maintaining separate accounts, conducting audits, and submitting reports and statements within the specified deadlines.
Donors to ICRISAT:
* Impact: Donations to ICRISAT may be eligible for tax deductions under Section 35(1)(ii) of the Income-tax Act, 1961.
* Action Required: Keep appropriate records of donations made to ICRISAT for claiming deductions in their income tax returns.
Income-tax Authorities:
* Impact: Responsible for monitoring ICRISAT's compliance with the conditions of approval.
* Action Required: Review audit reports and statements submitted by ICRISAT to ensure compliance and take appropriate action if any discrepancies are found.
Key Entities Referenced
Income-tax Act, 1961: A tax law in India. This notification refers to section 35 of this act regarding tax exemptions for scientific research.
Income-tax Rules, 1962: Rules pertaining to the Income-tax Act, 1961. Rules 5C and 5D are specifically mentioned.
Central Board of Direct Taxes: A government body under the Department of Revenue, Ministry of Finance, responsible for direct tax administration in India. It issued the notification.
International Crops Research Institute for the Semi-Arid Tropics (ICRISAT): An organization approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
New Delhi: The location where the notification was issued.
Section 35: Section of the Income-tax Act, 1961 related to deduction for expenditure on scientific research.
Assessment year 2017-2018: The assessment year from which the approval for ICRISAT is applicable.
Commissioner of Income-tax: The authority to whom the audit report needs to be furnished.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 3172] NEW DELHI, FRIDAY, NOVEMBER 17, 2017/KARTIKA 26, 1939
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग))))
((((कककक(cid:9)(cid:9)(cid:9)(cid:9)(cid:10)(cid:10)(cid:10)(cid:10)ीीीीयययय (cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)यय यय (cid:15)(cid:15)(cid:15)(cid:15) ककककरररर बबबबोोोोडडडड))(cid:19)(cid:19)))(cid:19)(cid:19)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6) ली, 14 नवंबर, 2017
ककककाााा....आआआआ.... 3333666622224444((((अअअअ))))....————सव(cid:11)साधारण क(cid:17) जानकारी के िलए एतत(cid:23)ारा यह अिधसिू चत (cid:4)कया जाता ह ै (cid:4)क मसे स (cid:11)
इंटरनेशनल #ो%स &रसच(cid:11) इ’सटी(ूट फार दी समे ी –ए&रड +ािप-स (‘आईसीआरआईएसएटी’) (पैन: एएएजेआई0282एल)
नामक संगठन का नाम क12 सरकार (cid:23)ारा आयकर िनयमावली, 1962 (उ-त िनयमावली) के िनयम 5ग और 5घ के साथ
प&ठत आयकर अिधिनयम, 1961 (उ-त अिधिनयम) क(cid:17) धारा 35 क(cid:17) उपधारा (1) के खंड (ii) के :योजनाथ (cid:11) ििििननननधधधधाााारर(cid:14)(cid:14)रर(cid:14)(cid:14) णणणण ववववषषषष (cid:14)(cid:14) (cid:14)(cid:14)
2222000011117777----11118888 और इससे आगे क(cid:17) अविध के िलए िन<न िलिखत शत= के अधीन ‘‘‘‘वववव(cid:19)(cid:19)ैै(cid:19)(cid:19)ैै ााााििििननननकककक अअअअननननससुुससुु धधंंधधंं ाााानननन ससससघघंंघघंं ’’’’ क(cid:17) >ेणी म1 अनुमो(cid:4)दत
(cid:4)कया जाता ह,ै नामत:-
(i) अनमु ो(cid:4)दत संगठन मसे स(cid:11) इंटरनेशनल #ो%स &रसच(cid:11) इ’सटी(ूट फार दी समे ी –ए&रड +ािप-स
(‘आईसीआरआईएसएटी’) का संपूण(cid:11) उ@ेAय वैBािनक अनसु ंधान करना होगा;
(ii) अनमु ो(cid:4)दत संगठन Cवयं वैBािनक अनसु ंधान करेगा;
(iii) अनमु ो(cid:4)दत संगठन अिधिनयम क(cid:17) धारा 35(1)((ii) के अंतग(cid:11)त :ाD अनुदान के माEयम स,े इसके (cid:23)ारा (cid:4)कए गए
(cid:4)#या-लापG और काय= क(cid:17) अलग बिहया ं रखेगा। ‘आईसीआरआईएसएटी’ वैBािनक अनसु ंधान के िलए इसके
(cid:23)ारा :ा%त रािश के संबधं म 1 अलग लखे ा बिहया ंरखेगा िजनम 1अनसु ंधान करने के िलए :यु-त रािश दशा(cid:11)ई गई
हो, ऐसी खाता बिहयG क(cid:17) उ- त अिधिनयम क(cid:17) धारा 288 क(cid:17) उप धारा (2) के C पL टीकरण म 1 यथा
प&रभािषत (cid:4)कसी लेखाकार से लेखा परीOा कराएगा और उ-त अिधिनयम क(cid:17) धारा 139 क(cid:17) उपधारा (1) के
6735 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
अंतग(cid:11)त आय िववरणी :Cत ुत करन े क(cid:17) िनयत ितिथ तक ऐस े लेखाकार (cid:23)ारा िविधवत सP यािपत एवं
हCत ाO&रत लेखा परीOा &रपोट(cid:11), मामले म1 OेQािधकार रखन ेवाले आयकर आयु- त अथवा आयकर िनदशे क को
:Cत ुत करेगा;
(iv) अनमु ो(cid:4)दत संगठन ‘आईसीआरआईएसएटी’ के िलए वैBािनक अनसु ंधान के िलए :ा%त दान तथा :यु- त रािश
का अलग िववरण रखेगा और उपयु(cid:11)- त लेखा परीOा &रपोट(cid:11) के साथ लेखा परीOक (cid:23)ारा िविधवत सP यािपत
ऐसे िववरण क(cid:17) :ित :Cत तु करेगा।
2. क12 सरकार यह अनमु ोदन वापस ले लेगी य(cid:4)द अनमु ो(cid:4)दत सगं ठन:-
(क) पैराUाफ 1 के उप-पैराUाफ (iii) म1 यथा उि(cid:6)ल िखत अलग लेखा बिहयां रखने म 1असफल रहता ह;ै अथवा
(ख) पैराUाफ 1 के उप-पैराUाफ (iii) म 1 यथा उि(cid:6) लिखत अपनी लखे ा परीOा &रपोट(cid:11) :C तुत करन े म1 असफल रहता
ह;ै अथवा
(ग) पैराUाफ 1 के उप-पैराUाफ (iv) म1 यथा उि(cid:6)ल िखत वैBािनक अनुसधं ान के िलए :ा% त दान एवं :यु- त
धनरािश का िववरण :Cत ुत करने म 1असफल रहता ह;ै अथवा
(घ) अपने अनसु ंधान काय(cid:11) कलापG को करना बंद कर देता ह ै अथवा इसके अनुसधं ान काय(cid:11) -लापG को वाC तिवक
नहV पाया जाता ह;ै अथवा
(ड.) उ-त िनयमावली के िनयम 5ग और 5घ के साथ प&ठत उ-त अिधिनयम क(cid:17) धारा 35 क(cid:17) उपधारा (1) के खंड
(ii) के :ावधानG के अनुXप नहV होगा तथा उनका पालन नहV करेगा।
[अिधसूचना सं. 96/2017/फा. स.ं 203/33/2016-आ.क.िन.-II]
अं(cid:4)कता पांड,े अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 14th November, 2017
S.O. 3624(E).—It is hereby notified for general information that the organization M/s International Crops Research
Institute for the Semi-Arid Tropics (‘ICRISAT’) (PAN:- AAAJI0282L) 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 5D of the
Income-tax Rules, 1962 (said Rules), from Assessment year 2017-2018 onwards in the category of ‘Scientific Research
Association’, subject to the following conditions, namely:—
(i) The sole objective of the approved ‘Scientific Research Association’ ‘ICRISAT’ shall be to undertake scientific
research;
(ii) The approved organization shall carry out scientific research by itself;
(iii) The approved organization shall maintain separate books of accounts for its activities and operations performed by it
through grants received u/s.35(1)(ii) of the Act. ‘ICRISAT’ 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;¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
(iii) The approved organization shall maintain a separate statement of donations received and amounts applied for
scientific research for ‘ICRISAT’ and a copy of such statement duly certified by the auditor shall accompany the
report of audit referred to above.
2. The Central Government shall withdraw the approval if the approved organization:—
(a) fails to maintain separate books of accounts referred to in sub-paragraph (iii) of paragraph 1; or
(b) fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or
(c) 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) ceases to carry on its research activities or its research activities are not found to be genuine; or
(e) 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 5D of the said Rules.
[Notification No. 96/2017/F. No. 203/33/2016/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.