Research donation approval enables tax benefits for contributions to approved university, subject to audit and compliance conditions. Approval is granted to Indian Institute of Science, Bangalore as a University partly engaged in research for purposes of clause (ii) of sub section (1) of section 35, effective 1 April 2004. Conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; books of account maintained and audited by a defined accountant with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations and amounts applied for research must accompany the audit report. Approval may be withdrawn for specified failures or cessation of genuine research.
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 enables tax benefits for contributions to approved university, subject to audit and compliance conditions.
Approval is granted to Indian Institute of Science, Bangalore as a University partly engaged in research for purposes of clause (ii) of sub section (1) of section 35, effective 1 April 2004. Conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; books of account maintained and audited by a defined accountant with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations and amounts applied for research must accompany the audit report. Approval may be withdrawn for specified failures or cessation of genuine research.
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