Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Rule 5E - Conditions subject to which approval is to be granted to a University, College or other Institution under clause (ii) and clause (iii) of sub-section (1) of section 35
Income-tax Rules, 1962 Part C Profits and gains of business or profession
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Scientific research approval conditions require separate accounts, audit reports, and detailed annual research disclosures. Approval for a university, college or other institution under clause (ii) or clause (iii) of sub-section (1) of section 35 is subject to the condition that sums received are used for scientific research, research in social science or statistical research, and that such research is carried out through faculty members or enrolled students. The institution must maintain separate books of account, get them audited, furnish the audit report and statements of donations and research expenditure, and provide annual particulars of research work, publications, patents and proposed research programmes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Scientific research approval conditions require separate accounts, audit reports, and detailed annual research disclosures.
Approval for a university, college or other institution under clause (ii) or clause (iii) of sub-section (1) of section 35 is subject to the condition that sums received are used for scientific research, research in social science or statistical research, and that such research is carried out through faculty members or enrolled students. The institution must maintain separate books of account, get them audited, furnish the audit report and statements of donations and research expenditure, and provide annual particulars of research work, publications, patents and proposed research programmes.
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