University status for income-tax purposes includes statutory universities and institutions declared universities under the University Grants Commission framework. University means a University established or incorporated by or under a Central, State or Provincial Act, including an institution declared to be a ... Summary
University status for income-tax purposes includes statutory universities and institutions declared universities under the University Grants Commission framework.
University means a University established or incorporated by or under a Central, State or Provincial Act, including an institution declared to be a University under section 3 of the University Grants Commission Act, 1956. Under the Income-tax Act, 2025, this meaning applies to TDS and TCS purposes in connection with section 392(4). The Income-tax Act, 1961 uses materially the same definition for relevant University-related provisions.
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