Home India Ministry of Finance Notification under section 35 of Income Tax Act 1961 in the ...
Date: 13-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Notification under section 35 of Income Tax Act 1961 in the case of National Forensic Sciences University, Gandhinagar

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification approves National Forensic Sciences University, Gandhinagar as a 'University, college or other institution' under the category of 'Scientific Research' for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

Key Changes

  • National Forensic Sciences University, Gandhinagar (PAN: AAALN3742Q) is now approved for 'Scientific Research' under Section 35(1)(ii) of the Income-tax Act, 1961.
  • The approval is effective from the date of publication in the Official Gazette, applying retrospectively from the Previous Year 2023-24.
  • The approval is applicable for Assessment Years 2024-25 to 2028-29.

Impact Analysis

National Forensic Sciences University, Gandhinagar

  • Action Item: The university should inform its donors and stakeholders about this approval to facilitate eligible deductions and increase fundraising efforts.

Donors and Contributors

  • Action Item: Donors should ensure they have the necessary documentation to claim deductions as per income tax regulations.

Central Board of Direct Taxes (CBDT)

  • Action Item: CBDT should update its records and communicate the approval to relevant tax authorities.

Key Entities Referenced

National Forensic Sciences University, Gandhinagar: 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) allows deductions for contributions made to institutions engaged in scientific research. Income-tax Rules, 1962: Rules that provide detailed procedures and guidelines for implementing the Income-tax Act, 1961. Rules 5C and 5E are specifically referenced in the notification. Central Board of Direct Taxes (CBDT): A part of the Department of Revenue in the Ministry of Finance, responsible for the administration of direct tax laws.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-13032024-252959 CG-DxLx-xEG-I1D3H0x3x2x0 24-252959 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.ं 1263] नई दिल्ली, बुधिार, माच ड13, 2024/फाल्ग नु 23, 1945 No. 1263] NEW DELHI, WEDNESDAY, MARCH 13, 2024/PHALGUNA 23, 1945 जित्त मत्ालं य (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 13 माच,ड 2024 (स.ं 31/2024) का.आ. 1326(अ).— आयकर जनयमािली, 1962 के जनयम 5ग तथा 5ङ के साथ पठित आयकर अजधजनयम, 1961 (1961 का 43) धारा 35 की उपधारा(1) के खंड(ii) में प्रित्त िजियों का प्रयोग करते हुए केंरीय सरकार राष्ट्रीय न्द्यायालजयक जिज्ञान जिश्वजिद्यालय, गाधं ीनगर (पनै :AAALN3742Q) को आयकर जनयमािली, 1962 के जनयम 5ग तथा 5ङ के साथ पठित आयकर अजधजनयम 1961 की धारा 35 की उपधारा (1) के खंड(ii) के प्रयोिनों के जलए ‘िैज्ञाजनक अनुसंधान’ हते ु ‘जिश्व जिद्यालय, महाजिद्यालय अथिा अन्द्य सस्ट्ं थान’ की श्रेणी के अंतगडत अनुमोदित करती ह।ै 2. यह अजधसूचना सरकारी रािपत् में इसके प्रकािन की तारीख से लाग ू होगी (अथाडत जपछले िर्ड 2023-24 से) तथा तिनुसार जनधाडरण िर्ों 2024-25 से 2028-29 के जलए लाग ूहोगी। [फा. सं. 203/22/2023/ITA-II] कास्त्रो ियप्रकाि टी., अिर सजचि स्ट्पष्टीकरण ज्ञापन : यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाि िने े से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा है। 1890 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 13th March, 2024 (No. 31/2024) S.O. 1326(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 Forensic Sciences University, Gandhinagar’ (PAN: AAALN3742Q) 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 2024-25 to 2028-29. [F. No. 203/22/2023/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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