Research-donation approval status enables donor tax benefit subject to institutional compliance and audit conditions. Indian Institute of Technology (BHU), Varanasi is recognised as an approved organisation for donor tax benefit purposes in the category 'University College and other Institution' from assessment year 2014 2015, subject to conditions: sums must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account for research receipts/expenditure must be maintained and audited by a qualified accountant with the audit report furnished by the income tax return due date; and a certified statement of donations and sums applied for research must accompany the audit report. Approval may be withdrawn for non compliance or if research is not genuine.
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.
Research-donation approval status enables donor tax benefit subject to institutional compliance and audit conditions.
Indian Institute of Technology (BHU), Varanasi is recognised as an approved organisation for donor tax benefit purposes in the category "University College and other Institution" from assessment year 2014 2015, subject to conditions: sums must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account for research receipts/expenditure must be maintained and audited by a qualified accountant with the audit report furnished by the income tax return due date; and a certified statement of donations and sums applied for research must accompany the audit report. Approval may be withdrawn for non compliance or if research is not genuine.
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