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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

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Executive Summary & Key Takeaways

What it means

  • The notification approves the 'National Institute of Design, Ahmedabad (PAN: AAATN1137D)' under the category of 'University, College or Other Institution' for 'Scientific Research'.
  • This approval is 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.

Key Changes

  • National Institute of Design, Ahmedabad is now an approved institution for scientific research under Section 35(1)(ii) of the Income-tax Act, 1961.
  • The notification is effective from the date of publication in the Official Gazette, applying from 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 potential donors about this approval to encourage contributions to its scientific research programs.

Donors and Contributors

  • Action Item: Donors should ensure that their donations to NID Ahmedabad are specifically earmarked for scientific research to avail of the tax benefits.

Government (Central Board of Direct Taxes)

  • Action Item: Update relevant databases and systems to reflect the approval of NID Ahmedabad. Ensure that assessing officers are aware of this notification during tax assessments.

Key Entities Referenced

National Institute of Design, Ahmedabad (PAN: AAATN1137D): 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 deals with deductions for scientific research. 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 scientific research institutions. Central Board of Direct Taxes (CBDT): A part of the Department of Revenue in the Ministry of Finance. The CBDT is responsible for the administration of direct tax laws through the Income Tax Department.
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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.

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