Executive Summary:
This notification concerns the approval of the Jubilee Centre for Medical Research (JCMR) under the aegis of Jubilee Mission Hospital Trust, Thrissur, Kerala, by the Central Government, for the purpose of clause ii of subsection 1 of section 35 of the Income Tax Act, 1961. The approval is effective from the assessment year 2019-2020 onwards and is subject to specific conditions. JCMR is required to furnish reports and statements to the Commissioner of Income Tax or Director of Income Tax by the due date of furnishing the return of income under subsection 1 of section 139 of the said Act.
Key Points / Main Content:
Approval and Scope:
* Jubilee Centre for Medical Research (JCMR) is approved under Section 35(1)(ii) of the Income Tax Act, 1961.
* The approval is for JCMR operating under the Jubilee Mission Hospital Trust.
* The approval applies to the category of University, College, or other Institution engaged in research activities.
* The approval is effective from the Assessment Year 2019-2020.
Conditions for Approval:
* Funds received by JCMR must be used for scientific research.
* JCMR must conduct scientific research through faculty members or enrolled students.
* JCMR must maintain separate audited books of accounts for the sums received for scientific research, reflecting amounts used, with the audit report furnished to the relevant tax authority.
* JCMR must maintain a separate statement of donations received and amounts applied for scientific research, exclusively used for core scientific research, duly certified by the auditor.
* JCMR must furnish a statement to the Commissioner/Director of Income Tax containing a detailed note on research work, a summary of research articles, any patents applied for, and the program of research projects with financial allocation for the forthcoming year.
Grounds for Withdrawal of Approval:
* Failure to maintain separate books of accounts.
* Failure to furnish the audit report.
* Failure to furnish the statement of donations received and sums applied.
* Cessation of research activities or if the research activities are not found to be genuine.
* Failure to comply with Section 35(1)(ii) of the Income Tax Act and related rules.
Impact Analysis:
Jubilee Centre for Medical Research (JCMR):
* Impact: JCMR is now an approved entity under Section 35(1)(ii) of the Income Tax Act, 1961, enabling it to receive sums for scientific research that may qualify for deductions under the Act. However, it is subject to certain conditions and potential withdrawal of approval.
* Action Required: JCMR must adhere to all specified conditions, including maintaining proper accounts, conducting audits, and submitting required reports and statements to the relevant tax authorities by the due dates.
Donors to Jubilee Centre for Medical Research (JCMR):
* Impact: Donations to JCMR may now qualify for deductions under the Income Tax Act, potentially incentivizing contributions.
* Action Required: Donors should verify that JCMR maintains its approved status and complies with all relevant regulations to ensure their donations remain eligible for deductions.
Commissioner of Income Tax/Director of Income Tax:
* Impact: Responsible for overseeing JCMR's compliance with the conditions of the approval.
* Action Required: Review and process the reports and statements submitted by JCMR, and ensure that JCMR continues to meet the conditions for approval.
Central Government:
* Impact: The Central Government is the approving authority and retains the power to withdraw the approval if JCMR fails to comply with the specified conditions.
* Action Required: Monitor JCMR's compliance through the reports submitted to the Commissioner/Director of Income Tax and take action if JCMR violates the approval conditions.
Key Entities Referenced
Income Tax Act, 1961: A law related to income tax in India, mentioned in the context of seeking approval for an institution under its section 35(1)(ii).
Income tax Rules, 1962: Rules pertaining to the Income Tax Act, 1961, specifically mentioned in relation to rules 5C and 5E.
Central Board of Direct Taxes: A government organization under the Ministry of Finance responsible for direct tax administration.
Ministry of Finance: A ministry of the Government of India.
Jubilee Mission Hospital Trust, Thrissur, Kerala: An organization based in Thrissur, Kerala, that applied for approval under section 35(1)(ii) of the Income Tax Act, 1961.
Jubilee Centre for Medical Research: A medical research center under the aegis of Jubilee Mission Hospital Trust, for which approval is sought under the Income Tax Act.
New Delhi: The location where the notification was issued.
Section 35(1)(ii) of Income Tax Act, 1961: This section provides for deduction on account of sums paid to a scientific research association which has as its object the undertaking of scientific research or to a university, college or other institution to be used for scientific research.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 365] NEW DELHI, MONDAY, JANUARY 28, 2019/MAGHA 8, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय
((((ररररााााजजजज(cid:14)(cid:14)(cid:14)(cid:14) वव वव ििििववववभभभभाााागगगग))))
((((कककक(cid:17)(cid:17)(cid:17)(cid:17)(cid:18)(cid:18)(cid:18)(cid:18)ीीीीयययय (cid:20)(cid:20)(cid:20)(cid:20)(cid:3)(cid:3)(cid:3)(cid:3)यय यय (cid:21)(cid:21)(cid:21)(cid:21) ककककरररर बबबबोोोोडडडड))))(cid:25)(cid:25)(cid:25)(cid:25)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 24 जनवरी, 2019
ककककाााा....आआआआ.... 444477778888((((अअअअ))))....————आयकर अिधिनयम, 1961 (उ(cid:8) अिधिनयम) क(cid:18) धारा 35(1)(ii) के अंतग(cid:28)त अनमु ोदन के िलए
मैसस (cid:28) जुबली िमशन हाि&पटल )&ट, *ी&सुर, केरल, (पैन: AAAAJ1080A) (cid:1)दनांक 20.07.2018 के आवेदन पर िवचार
करते +ए, जहां ‘जुबली स,टर फॉर मिे डकल 0रसच’(cid:28) को ‘िव3िव4ालय, कॉलजे अथवा अ6य सं&थान’ क(cid:18) 7णे ी म, इसके
त:वावधान के अंतग(cid:28)त अनमु ोदन मांगा गया ह,ै सव(cid:28)साधारण क(cid:18) जानकारी के िलए एतद;् ारा यह अिधसूिचत (cid:1)कया जाता ह ै
(cid:1)क आयकर िनयमावली, 1962 (उ>त िनयमावली) के िनयम 5ग और 5ड. के साथ प0ठत उ> त अिधिनयम क(cid:18) धारा 35 क(cid:18)
उपधारा (1) के खंड (ii) के @योजनाथ(cid:28) ‘जुबली िमशन हाि&पटल )&ट’ त:वावधान के अंतग(cid:28)त ‘जुबली स,टर फॉर मेिडकल 0रसच(cid:28)
(जेसीएमआर)’ को िनधा(cid:28)रण वष(cid:28) 2019-20 और इससे आगे क(cid:18) अविध के िलए क,E सरकार ;ारा िनF निलिखत शतH के
अIयधीन अनसु ंधान कायH से जुड़ े ‘‘िव3ि़व4ालय, कॉलजे अथवा अ6य सं&थान’ क(cid:18) 7णे ी म , अनमु ो(cid:1)दत (cid:1)कया जाता ह,ै
नामत:-
(i) जेसीएमआर को @दL रािश वैMािनक अनसु ंधान के िलए @योग क(cid:18) जाएगी;
(ii) जेसीएमआर अनसु ंधान कायH को अपन ेसकं ाय सद&य या नामां(cid:1)कत िव4ाNथयO के माIयम स ेकरेगा;
(iii) जेसीएमआर वैMािनक अनसु ंधान के िलए इसके ;ारा @ाP त रािश के संबधं म, अलग लेखा बिहया ं रखगे ा िजनम ,
अनसु ंधान करने के िलए @यु>त रािश दशा(cid:28)ई गई हो, ऐसी खाता बिहयO क(cid:18) उ> त अिधिनयम क(cid:18) धारा 288 क(cid:18) उप धारा (2)
के &प Sट ीकरण, म, यथा प0रभािषत (cid:1)कसी लेखाकार स े लेखा परीUा कराएगा और उ> त अिधिनयम क(cid:18) धारा 139 क(cid:18)
उपधारा (1) के अतं ग(cid:28)त आय िववरणी @&त ुत करने क(cid:18) िनयत ितिथ तक ऐस े लेखाकार ;ारा िविधवत स: यािपत एवं
533 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
ह&त ाU0रत लेखा परीUा 0रपोट(cid:28) के मामले म , UेWािधकार रखने वाले आयकर आयु> त अथवा आयकर िनदशे क को @& ततु
करेगा;
(iv) जेसीएमआर वैMािनक अनुसधं ान के िलए @ाP त दान तथा @यु>त रािश का अलग िववरण रखेगा, ऐसे दान का
उपयोग केवल मलू भूत वैMािनक अनसु ंधान के िलए (cid:1)कया जाएगा और उपयु> त लेखा परीUा 0रपोट(cid:28) के साथ लखे ा परीUक
;ारा िविधवत स:य ािपत ऐसे िववरण क(cid:18) @ित @&त ुत करेगा;
(v) जेसीएमआर धारा 139 क(cid:18) उप-धारा (1) के तहत आय िववरणी @&तुत करन े क(cid:18) दये तारीख तक आयकर आयु(cid:8) या
आयकर िनदशे क को िनXिलिखत को समािहत करते +ए िववरणी @&तुत करेगा-
• पूव(cid:28) वष(cid:28) के दौरान इसके ;ारा (cid:1)कए गए अनसु ंधान काय(cid:28) पर िव&तृत नोट;
• वष(cid:28) के दौरान रा[ीय या अंतरा[(cid:28) ीय जनल(cid:28) म ,@कािशत अनसु ंधान कायH का सारांश;
• आगामी वष (cid:28) के दौरान (cid:1)कए जाने जाने वाले अनुसधं ान प0रयोजना\ का काय(cid:28)]म और ऐस े काय(cid:28)]म के िलए िवLीय
आबंटन।
2. क,E सरकार यह अनमु ोदन वापस ले लेगी य(cid:1)द अनमु ो(cid:1)दत संगठन:-
(क) पैरा_ाफ 1 के उप-पैरा_ाफ (iii) म, यथा उि(cid:3)ल िखत अलग लखे ा बिहया ंरखने म, असफल रहता ह;ै अथवा
(ख) पैरा_ाफ 1 के उप-पैरा_ाफ (iii) म, यथा उि(cid:3)ल िखत अपनी लखे ा परीUा 0रपोट(cid:28) @& तुत करन े म , असफल रहता ह;ै
अथवा
(ग) पैरा_ाफ 1 के उप-पैरा_ाफ (iv) म, यथा उि(cid:3)ल िखत वैMािनक अनुसधं ान के िलए @ाP त दान एवं @यु> त धनरािश का
िववरण @&त ुत करन ेम, असफल रहता ह;ै अथवा
(घ) अपने अनसु ंधान कायक(cid:28) लापO को करना बंद कर दते ा ह ैअथवा इसके अनसु ंधान कायक(cid:28) लापO को वा& तिवक नह‘ पाया
जाता ह;ै अथवा
(ड.) उ>त िनयमावली के िनयम 5ग और 5ड. के साथ प0ठत उ>त अिधिनयम क(cid:18) धारा 35 क(cid:18) उपधारा (1) के खंड (ii) के
@ावधानO के अनaु प नह‘ ह ैतथा उनका पालन नह‘ करता ह।ै
[अिधसूचना सं. 01/2019/फा. स.ं 203/21/2018-आ.क.िन.-
II]
राजाराजे3री आर., अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 24th January, 2019
S.O. 478(E).—On consideration of application of M/s Jubilee Mission Hospital Trust, Thrissur, Kerala
(PAN:- AAAAJ1080A) dated 20.07.2018 for approval under section 35(1)(ii) of Income Tax Act, 1961 (‘said Act’)
wherein approval for ‘Jubilee Centre for Medical Research’ under it’saegis has been sought in the category of
‘University, College or other Institution’, it is hereby notified for general information that ‘Jubilee Centre for Medical
Research’(JCMR) under the aegis of ‘Jubilee Mission Hospital Trust’ has been approved by the Central Government
for the purpose of clause (ii) of sub-section (1) of section 35 of the said Act, read with Rules 5C and 5E of the Income-
tax Rules, 1962 (said Rules), from Assessment year 2019-2020 onwards in the category of ‘University, College or other
Institution’, engaged in research activities, subject to the following conditions, namely:-
(i) The sums paid to JCMR shall be used to undertake scientific research;
(ii) JCMR shall carry out scientific research through its faculty members or enrolled students;¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
(iii) JCMR shall maintain separate books of accounts in respect of the sums received by it for scientific research,
reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in
the explanation to sub-section (2) of section 288 of the said Act and furnish the report of such audit duly signed
and verified by such accountant to the Commissioner of Income-tax or the Director of Income-tax having
jurisdiction over the case, by the due date of furnishing the return of income under sub-section (1) of section 139
of the said Act;
(iv) JCMR shall maintain a separate statement of donations received and amounts applied for scientific research,
such donations shall be used exclusively for core scientific research and a copy of such statement duly certified
by the auditor shall accompany the report of audit referred to above.
(v) JCMR shall, by the due date of furnishing the return of income under sub-section (1) of section 139, furnish a
statement to the Commissioner of Income-tax or Director of Income-tax containing-
• a detailed note on the research work undertaken by it during the previous year;
• a summary of research articles published in national or international journals during the year;
• any patent or other similar rights applied for or registered during the year;
• programme of research projects to be undertaken during the forthcoming year and the financial
allocation for such programme.
2. The Central Government shall withdraw the approval if the approved organization:-
(a) fails to maintain separate books of accounts referred to in sub-paragraph (iii) of paragraph 1; or
(b) fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or
(c) fails to furnish its statement of the donations received and sums applied for scientific research referred to in sub-
paragraph (iv) of paragraph 1; or
(d) ceases to carry on its research activities or its research activities are not found to be genuine; or
(c) ceases to conform to and comply with the provisions of clause (ii) of sub-section (1) of section 35 of the said
Act read with rules 5C and 5E of the said Rules.
[Notification No. 01/2019/F. No. 203/21/2018/ITA-II]
RAJARAJESWARI R., Under Secy.
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.