Notification u/s 45(3)(a)(i) r.w.s. 45(4)(b) of the Income Tax Act, 2025 in the case of International Institute of Bio Technology and Toxicology, Tamil Nadu
Issued by Ministry of Finance · Department of Revenue
Read or download the official PDF of this gazette notification issued by the Ministry of Finance on 21st August 2026. Classified under Extra Ordinary.
Executive Summary & Key Takeaways
Executive Summary The Ministry of Finance, through the Central Board of Direct Taxes, has notified the approval of the International Institute of Bio Technology and Toxicology, Tamil Nadu, as a "Research Association" for scientific research. This approval is effective for the tax years 2026-2027 to 2030-2031. The Institute must comply with specific reporting obligations, including an annual filing deadline of May 31st.
Key Points / Main Content
Official Approval and Classification
- The International Institute of Bio Technology and Toxicology (PAN: AAATF0061E) is approved under the category of "Research Association" for the purpose of "Scientific Research."
- The approval is granted under section 45(3)(a)(i) and 45(4)(b) of the Income-tax Act, 2025, and rules 32 and 33 of the Income-tax Rules, 2026.
- The notification is valid for a five-year period, covering tax years 2026-2027 through 2030-2031.
Compliance and Reporting Requirements
- The Institute must strictly adhere to the conditions specified in rule 33 of the Income-tax Rules, 2026.
- For every tax year, the Institute is required to prepare a statement of donations in Form No. 15.
- This statement must be delivered to the Director General of Income-tax (Systems) or an authorized representative on or before May 31st following the relevant tax year.
Donor Documentation
- The Institute must furnish a certificate to donors using Form No. 16.
- This certificate must specify the amount of the donation in accordance with rule 31 of the Income-tax Rules, 2026.
Impact Analysis
International Institute of Bio Technology and Toxicology, Tamil Nadu Impact The Institute is formally recognized as a research body, allowing it to operate under the specific tax provisions for scientific research associations for five years. Action Required The Institute must ensure compliance with rule 33, submit Form No. 15 annually by the May 31st deadline, and issue Form No. 16 certificates to all donors.
Donors to the Institute Impact Donors contributing to the Institute for scientific research are eligible for relevant tax treatments under the Income-tax Act, 2025, provided they receive the necessary documentation. Action Required Donors must obtain Form No. 16 from the Institute to certify the donation amount for their records and tax purposes.