Research expenditure deduction eligibility: approval requires separate research accounts and audited certificates for donor claims. M/s. National Institute of Design, Ahmedabad is approved as an Institution for research-related donor deduction purposes for the specified year, conditional on maintaining separate research accounts, submitting an audited Income & Expenditure account for approved research to the tax exemption authority by the return filing due date or within ninety days of notification (whichever is later), and including an auditor's certificate specifying amounts received for scientific research that qualify donors for deductions and certifying research expenditure.
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 expenditure deduction eligibility: approval requires separate research accounts and audited certificates for donor claims.
M/s. National Institute of Design, Ahmedabad is approved as an Institution for research-related donor deduction purposes for the specified year, conditional on maintaining separate research accounts, submitting an audited Income & Expenditure account for approved research to the tax exemption authority by the return filing due date or within ninety days of notification (whichever is later), and including an auditor's certificate specifying amounts received for scientific research that qualify donors for deductions and certifying research expenditure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
