Home› India› Ministry of Finance› Notification under (ii) of sub section (1) of section 35 of ...
Date: 21-Apr-2023 Category: Extra Ordinary State: Union Government Country: India

Notification under (ii) of sub section (1) of section 35 of the Income tax Act, 1961 in case of National Institute of Design, Ahmedabad (PAN: AAATN1137D)

Issued by Ministry of Finance · Department of Revenue

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The notification approves 'National Institute of Design, Ahmedabad (PAN: AAATN1137D)' as a 'University, College or Other Institution' for 'Scientific Research' under Section 35(1)(ii) of the Income-tax Act, 1961.

Key Changes

  • National Institute of Design, Ahmedabad is now approved for 'Scientific Research' under the specified category.
  • The approval is effective from the date of publication in the Official Gazette, which corresponds to the Previous Year 2023-24.
  • The approval is applicable for Assessment Years 2024-2025 to 2028-2029.

Impact Analysis

National Institute of Design, Ahmedabad

  • Action Item: NID Ahmedabad should inform its donors and stakeholders about this approval to encourage research funding.

Donors and Funding Organizations

  • Action Item: Donors should ensure that their contributions to NID Ahmedabad for scientific research are properly documented to claim the deduction.

Central Board of Direct Taxes (CBDT)

  • Action Item: Update relevant databases and issue internal guidelines to assessing officers regarding this approval.

Key Entities Referenced

National Institute of Design, Ahmedabad: An educational institution 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) pertains to deductions for contributions to scientific research institutions. Income-tax Rules, 1962: Rules framed under the Income-tax Act, 1961. Rules 5C and 5E are relevant to the approval process for scientific 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.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-21042023-245303 xxxGIDHxxx CG-DL-E-21042023-245303 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.ं 1749] नई ददल्ली, िुक्रिार, अप्रलै 21, 2023/ििै ाख 1, 1945 No. 1749] NEW DELHI, FRIDAY, APRIL 21, 2023/VAISAKHA 1, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई ददल्ली, 21 अप्रलै , 2023 का.आ. 1831(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 प्रदत्त िजियों का प्रयोग करत े हुए, केन्द्द्र सरकार एतदद्वारा 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 ‘नेिनल इंजस्ट्िट्यिू आफ जडिाइन, अहमदाबाद (पैन:AAATN1137D)’ को ‘जिश्वजिद्यालय, कालेि अथिा अन्द्य संस्ट्थान’ की श्रेणी के अंतगतड ‘िैज्ञाजनक अनुसधं ान’ के जलए अनुमोददत करती ह ै। 2. यह अजधसूचना सरकारी रािपत्र (अथाडत पूिड िर् ड 2023-24 स)े म ें प्रकाजित होन े की जतजथ स े प्रभािी होगी और तदनुसार जनधाडरण िर्ों 2024-2025 स े 2028-2029 तक लाग ू होगी । [अजधसूचना स.ं 23/2023/ फा. स.ं 203/07/2022/आिीए-II] कास्ट् त्रो ियप्रकाि िी., अिर सजचि स्ट्पष्टीकरण ज्ञापन : यह प्रमाजणत दकया िाता ह ैदक इस अजधसचू ना को भूतलक्षी प्रभाि देने स ेदकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह ै। 2617 GI/2023 (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 21st April, 2023 S.O. 1831(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 ‘National Institute of Design, Ahmedabad (PAN: AAATN1137D)’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ 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 2023-24) and accordingly shall be applicable for Assessment Years 2024-2025 to 2028-2029. [Notification No. 23/2023/F. No. 203/07/2022/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.

Continue your research

Related Documents from Ministry of Finance