Home India Ministry of Finance Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in th...
Date: 10-Feb-2025 Category: Extra Ordinary State: Union Government Country: India

Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Bhaikaka University, Anand (Gujarat)

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification approves 'Bhaikaka University', Anand, Gujarat, for 'Scientific Research' under the category of 'University, college or other institution' for the purpose of claiming deduction under Section 35(1)(ii) of the Income-tax Act, 1961.

Key Changes

  • Bhaikaka University, Anand, Gujarat (PAN: AAGAB9280N) is now an approved institution for 'Scientific Research' under Section 35(1)(ii) of the Income-tax Act, 1961.
  • The approval is effective from the date of publication in the Official Gazette, which is the Previous Year 2024-25.
  • The approval is applicable for Assessment Years 2025-26 to 2029-30.

Impact Analysis

Bhaikaka University

  • Action Item: The university should communicate this approval to potential donors to encourage contributions.

Donors to Bhaikaka University

  • Action Item: Donors should ensure they obtain the necessary documentation from Bhaikaka University to support their deduction claims.

Government (Central Board of Direct Taxes)

  • Action Item: CBDT should ensure that its systems are updated to reflect the approval of Bhaikaka University for Section 35(1)(ii) purposes.

Key Entities Referenced

Bhaikaka University: An educational institution located in Anand, Gujarat (PAN: AAGAB9280N) now approved for 'Scientific Research' under Section 35(1)(ii) of the Income-tax Act, 1961. Income-tax Act, 1961: The primary legislation governing income tax in India. Section 35(1)(ii) provides for deductions for contributions made to certain research institutions. Income-tax Rules, 1962: Rules framed under the Income-tax Act, 1961, providing detailed procedures and guidelines for the implementation of the Act. Rules 5C and 5E are relevant to the approval process for research institutions. Central Board of Direct Taxes (CBDT): A part of the Department of Revenue in the Ministry of Finance, responsible for the administration of direct taxes in India.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-10022025-260873 CG-DxLx-xEG-I1D0H0x2x2x0 25-260873 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 669] नई दिल्ली, सोमिार, फरिरी 10, 2025/माघ 21, 1946 No. 669] NEW DELHI, MONDAY, FEBRUARY 10, 2025/MAGHA 21, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 10 फरिरी, 2025 का.आ. 673(अ).— आयकर जनयमािाली, 1962 के जनयम 5ग और 5ङ के साथ पठित आयकर अजधजनयम, 1961 (1961 का 43) की धारा 35 की उप-धारा (1) के खंड (ii) द्वारा प्रित्त िजियों का प्रयोग करते हुए केन्द्द्र सरकार ‘भाईकाका यजू निर्सटड ी’ आनिं , गिु रात (पनै : AAGAB9280N) को आयकर जनयमािली, 1962 के जनयम 5ग और 5ङ के साथ पठित आयकर अजधजनयम,1961 की धारा 35 की उप-धारा (1) के खंड (ii) के प्रयोिनाथड ‘जिश्वजिद्यालय, महाजिद्यालय या अन्द्य सस्ट्ं था’ की श्रेणी के अंतगडत ‘िैज्ञाजनक अनसु धं ान’ हते ु अनुमोदित करती ह।ै 2. यह अजधसूचना सरकारी रािपत्र में इसके प्रकािन की तारीख (अथाडत पूि डिर्ड 2024-25) से लाग ूहोगी तथा तिनुसार जनधाडरण िर्ों 2025-26 से 2029-30 के जलए लागू होगी । [अजधसूचना सं. 15/2025/फा. सं. 203/27/2024/ITA-II] कास्त्रो ियप्रकाि टी., अिर सजचि स्ट्पष्टीकरण ज्ञापन: यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह ै। 999 GI/2025 (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 10th February, 2025 S.O. 673(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 ‘Bhaikaka University’ Anand, Gujarat (PAN: AAGAB9280N) for ‘Scientific Research’ under the category of ‘University, college or other institution’ 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 2024-25) and accordingly shall be applicable for Assessment Years 2025-26 to 2029-30. [Notification No. 15/2025/ F. No. 203/27/2024/ITA-II] CASTRO JAYAPRAKASH T., Under Secy. Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification. 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.

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