This gazette notification approves the International Institute of Information Technology, Hyderabad (IIIT-H) as an institution eligible for claiming tax benefits under section 35(1)(ii) of the Income-tax Act, 1961 for scientific research.
IIIT-H is now categorized as a 'University, college or other institution' for the purpose of claiming deductions for donations made towards scientific research.
Key Changes
The Central Government has approved IIIT-H for 'Scientific Research' under section 35(1)(ii) of the Income-tax Act, 1961.
This approval is effective from the previous year 2024-25 and applicable for assessment years 2025-26 to 2029-30.
The notification is issued under the powers conferred by section 35(1)(ii) of the Income-tax Act, 1961 read with Rules 5C and 5E of the Income-tax Rules, 1962.
The notification has been given retrospective effect from the date of publication.
Impact Analysis
Stakeholders
Government: The government aims to promote scientific research by providing tax benefits to institutions and donors.
Suggested Action Items
The relevant departments should update their records to reflect the approval of IIIT-H.
Key Entities Referenced
International Institute of Information Technology, Hyderabad (IIIT-H): An educational institution 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) deals with deductions for donations made to institutions for scientific research.
Income-tax Rules, 1962: Rules framed under the Income-tax Act, 1961. Rules 5C and 5E are specifically mentioned in the notification.
Central Board of Direct Taxes (CBDT): The apex body responsible for the administration of direct taxes in India. The notification is issued by the CBDT.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-02122024-259090
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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.ं 4795] नई दिल्ली, सोमिार, दिसम् बर 2, 2024/अग्रहायण 11, 1946
No. 4795] NEW DELHI, MONDAY, DECEMBER 2, 2024/AGRAHAYANA 11, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अधिसचू ना
नई दिल् ली, 2 दिसम् बर, 2024
का.आ. 5187(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 खडं (ii) द्वारा प्रित्त िजियों का प्रयोग करते हुए केन्द्द्र सरकार
अतं राष्ट्रड ीय सचू ना प्रौद्योजगकी सस्ट्ं थान, हिै राबाि (पनै : AAAAI6797B) को आयकर जनयमािली, 1962 के जनयम 5ग
और 5ङ के साथ पठित आयकर अजधजनयम, 1961 की धारा 35 की उप-धारा (1) के खडं (ii) के प्रयोिनाथ ड
‘जिश्वजिद्यालय, महाजिद्यालय या अन्द्य सस्ट्ं था’ की श्रेणी के अंतगडत ‘िज्ञै ाजनक अनसु धं ान’ हते ुअनुमोदित करती ह।ै
2. यह अजधसूचना सरकारी रािपत्र म ें इसके प्रकािन की तारीख (अथाडत पूिड िर्ड 2024-25) स े लागू होगी तथा
तिनुसार जनधाडरण िर्ों 2025-26 स े 2029-30 के जलए लाग ूहोगी ।
[अधिसूचना स.ं 125/2024/फा. स.ं 203/07/2024/ITA-II]
कास्त्रो ियप्रकाि टी., अिर सजचि
स्ट्पष्टीकरण ज्ञापन: यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भतू लक्षी प्रभाि िेन े स े दकसी भी व्यजि पर प्रजतकूल
प्रभाि नहीं पड़ रहा ह ै।
7793 GI/2024 (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 2nd December, 2024
S.O. 5187(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 International Institute of Information Technology, Hyderabad (PAN: AAAAI6797B) 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. 125/2024/F. No. 203/07/2024/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.