This gazette notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, announces the approval of Auroville Foundation (PAN: AAATA0037B) as an 'Other Institution' under the Income-tax Act, 1961.
Key Changes
Auroville Foundation is approved as an 'Other Institution' under clause (iii) 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.
This approval allows Auroville Foundation to avail tax benefits for research in social science or statistical research.
The notification is effective from the date of publication in the Official Gazette (September 18, 2024), applicable for the previous year 2024-25 and assessment years 2025-26 to 2029-30.
The notification explicitly states that no person is adversely affected by the retrospective application.
Impact Analysis
Auroville Foundation
Action Item: Auroville Foundation should review the notification details and ensure compliance with all relevant regulations to claim the tax benefits.
Government
Action Item: Monitor the impact of this approval on Auroville Foundation's research output and overall societal benefit.
Taxpayers
Neutral impact: This notification specifically targets Auroville Foundation and does not directly impact other taxpayers. The explanatory memorandum clarifies that no other person is adversely affected.
Key Entities Referenced
Auroville Foundation: A non-profit organization approved for tax benefits under Section 35 of the Income Tax Act, 1961.
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes: The issuing authority of the notification.
Income-tax Act, 1961 (43 of 1961): The primary legislation under which the approval is granted.
Income-tax Rules, 1962: Rules that further define the conditions for tax benefits under the Income-tax Act, 1961.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-18092024-257214
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CG-DLxx-xEG-I1D8E0x9x2x0 24-257214
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3622] नई दिल्ली, बुधवार, जसतम्ब र 18, 2024/भार 27, 1946
No. 3622] NEW DELHI, WEDNESDAY, SEPTEMBER 18, 2024/BHADRA 27, 1946
वित्त मत्रं ालय
राजस्ि विभाग
केन्द्रीय प्रत्यक्ष कर बोर्ड
अजधसचू ना
नई दिल्ली, 18 जसतम् बर, 2024
का.आ. 3961(अ).—आयकर जनयमावली, 1962 के जनयम 5ग तथा 5ङ के साथ पठित आयकर अजधजनयम, 1961
(1961 का 43) की धारा 35 की उप-धारा (1) के खंड (iii) द्वारा प्रित्त िजियों का प्रयोग करते हुए केन्द्र सरकार
ऑरोजवल फाउंडेिन (PAN: AAATA0037B) को आयकर जनयमावली, 1962 के जनयम 5ग तथा 5ङ के साथ पठित
आयकर अजधजनयम,1961 की धारा 35 की उप-धारा (1) के खंड (iii) के प्रयोिनाथथ ‘जवश्व जवद्यालय, महाजवद्यालय अथवा
अन्द्य सस्ट्ं था’ की श्रेणी के अंतगतथ सामाजिक जवज्ञान म ें अनसु धं ान या सांजययकीय अनसु धं ान हते ु ‘अन्द्य सस्ट्ं था’ के तौर पर
अनुमोदित करती ह।ै
2. यह अजधसूचना सरकारी रािपत्र में इसके प्रकािन की तारीख से लागू होगी (अथाथत पवू थ वर्थ 2024-25 से) तथा
तिनुसार जनधाथरण वर्ों 2025-26 से 2029-30 के जलए लाग ूहोगी।
[अजधसूचना सं.102/2024/फा. सं. 203/12/2024/आईटीए-II]
कास्त्रो ियप्रकाि टी.,अवर सजचव
5951 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
स्ट्पष्ट ीकरण ज्ञापन : यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाव िेने से दकसी भी व्यजि पर
प्रजतकूल प्रभाव नहीं पड़ रहा ह।ै
MINISTRY OF FINANCE
Department of Revenue
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
New Delhi, the 18th September, 2024
S.O. 3961(E).—In exercise of the powers conferred by clause (iii) 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 Auroville Foundation (PAN: AAATA0037B) as ‘Other Institution’ for research in social science
or statistical research for the purposes of clause (iii) 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 2025-2026 to 2029-2030.
[Notification No.102/2024/F.No. 203/12/2024/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.