Research donation approval enables tax deductible contributions subject to audit and reporting requirements and withdrawal on noncompliance. Approval was granted to BIOVED Research Society as an other institution partly engaged in scientific research from 1 4 2007 subject to conditions: payments must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by an accountant with the audit report furnished to the tax authority by the return due date; a separately certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified failures or noncompliance.
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 deductible contributions subject to audit and reporting requirements and withdrawal on noncompliance.
Approval was granted to BIOVED Research Society as an other institution partly engaged in scientific research from 1 4 2007 subject to conditions: payments must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by an accountant with the audit report furnished to the tax authority by the return due date; a separately certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified failures or noncompliance.
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