Charity-run tree plantation and maintenance for environmental preservation qualifies as "charitable activity", making supplies GST-exempt under Notifi...
Drawings/designs supply and erection supervision fees from German contractor: designs non-taxable; supervision taxed as FTS/PE depending on six-month ...
Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
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