Central Government approves SKAN Research Trust, Bengaluru under the category of ‘Research Association’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Central Government approves SKAN Research Trust, Bengaluru under the category of ‘Research Association’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 https://www.taxtmi.com/notifications?id=142806 Central Government approves SKAN Research Trust, Bengaluru, as a Research Association for Scientific Research under the Income-tax framework and rules, identifying the trust by PAN and confirming its categorisation for research-related tax treatment. The notification takes effect from the date of publication and is applied retrospectively to the previous year with specified applicability across ensuing assessment years; the Explanatory Memorandum states no person is adversely affected by the retrospective effect. en-us Mon, 25 Nov 2024 00:00:00 +0530 Tue, 26 Nov 2024 10:24:00 +0530 TaxTMI RSS Generator Central Government approves SKAN Research Trust, Bengaluru under the category of ‘Research Association’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 https://www.taxtmi.com/notifications?id=142806 Central Government approves SKAN Research Trust, Bengaluru, as a Research Association for Scientific Research under the Income-tax framework and rules, identifying the trust by PAN and confirming its categorisation for research-related tax treatment. The notification takes effect from the date of publication and is applied retrospectively to the previous year with specified applicability across ensuing assessment years; the Explanatory Memorandum states no person is adversely affected by the retrospective effect. Notifications Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142806