Rule 287 - Percentage of Government grant for considering any University, hospital, or any other institution, as substantially financed by the Government for purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to Act
Income-Tax Rules, 2026
Contents
Acts
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Substantial Government financing threshold clarified for educational and medical institutions under the receipts-based grant test. For purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to the Act, a university, educational institution, hospital, or other institution is treated as ... Summary
Substantial Government financing threshold clarified for educational and medical institutions under the receipts-based grant test.
For purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to the Act, a university, educational institution, hospital, or other institution is treated as substantially financed by the Government for a tax year only if the Government grant received during that year exceeds 50% of its total receipts, including donations. The rule applies a receipts-based threshold by comparing the grant with the institution's aggregate receipts for the relevant tax year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
