The notification approves M/s Prayoga, Bengaluru (PAN: AACTP9202D) as an 'Other Institution' under the category of 'University, College or Other Institution' for 'Scientific Research' under Section 35(1)(ii) of the Income-tax Act, 1961.
Key Changes
M/s Prayoga, Bengaluru (PAN: AACTP9202D) is now an approved institution 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, which is for the previous year 2023-24.
The approval is applicable for Assessment Years 2024-2025 to 2028-2029.
Impact Analysis
M/s Prayoga, Bengaluru
Action Item: M/s Prayoga, Bengaluru should ensure compliance with the conditions specified under Section 35 of the Income-tax Act, 1961 and related rules to maintain the approved status.
Donors and Funding Organizations
Action Item: Donors should maintain proper documentation of donations made to M/s Prayoga, Bengaluru to claim deductions.
Income Tax Department
Action Item: The Income Tax Department should update its records to reflect the approved status of M/s Prayoga, Bengaluru and process deduction claims accordingly.
Key Entities Referenced
M/s Prayoga, Bengaluru: An institution based in Bengaluru approved for scientific research under Section 35(1)(ii) of the Income-tax Act, 1961. PAN: AACTP9202D.
Central Board of Direct Taxes (CBDT): The issuing authority of the notification, under the Department of Revenue, Ministry of Finance.
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.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-30012024-251647
CG-DxLx-xEG-I3D0H0x1x2x0 24-251647
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 344] नई दिल्ली, मगं लिार, िनिरी 30, 2024/माघ 10, 1945
No. 344] NEW DELHI, TUESDAY, JANUARY 30, 2024/MAGHA 10, 1945
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 30 िनिरी, 2024
स.ं 18/2024
का.आ. 365(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 खंड (ii) द्वारा प्रित्त िजियों का प्रयोग करते हुए केन्द्द्र सरकार एतिद्वारा आयकर
जनयमािली, 1962 के जनयम 5ग और 5ङ के साथ पठित आयकर अजधजनयम, 1961 की धारा 35 की उप-धारा (1) के खंड (ii) के
प्रयोिनाथड मसै स ड प्रयोगा, बग्ैं लुरू (पनै : AACTP9202D) को ‘जिश्वजिद्यालय, कालिे अथिा अन्द्य सस्ट्ं थान’ की श्रेणी के अंतगडत
‘िज्ञै ाजनक अनसु धं ान’ हते ु ‘अन्द्य सस्ट्ं थान’ के तौर पर अनुमोदित करती ह ै।
2. यह अजधसूचना सरकारी रािपत्र (अथाडत पूि ड िर् ड 2023-24 से) में प्रकाजित होने की जतजथ से प्रभािी होगी और तिनुसार
जनधाडरण िर्ों 2024-2025 से 2028-2029 तक लाग ूहोगी ।
[फा. सं. 203/11/2023.ITA-II]
कास्ट् त्रो ि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 ह ै।
593 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 30th January, 2024
No. 18/2024
S.O. 365(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 ‘M/s Prayoga, Bengaluru (PAN: AACTP9202D) as ‘Other Institution’ 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.
[F. No. 203/11/2023/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.