Conditions subject to which approval is to be granted to a research association for deduction for expenditure on scientific research under section 45(4) read with section 45(3)(a)

Conditions subject to which approval is to be granted to a research association for deduction for expenditure on scientific research under section 45(4) read with section 45(3)(a) https://www.taxtmi.com/acts?id=53339 Approval for a research association is conditional upon a sole research object, self-conducted research activity, maintenance and audit of books of account, and timely furnishing of audit reports and specified statements to the jurisdictional Commissioner. The association must also provide a certified statement of donations and application of funds, along with details of research undertaken, publications, patents, and future research plans. Non-maintenance of books, failure to furnish required reports or statements, cessation of genuine research activity, or breach of approval conditions may trigger a report to the Central Government after enquiry. en-us Fri, 20 Mar 2026 17:43:36 +0530 Mon, 06 Apr 2026 12:37:25 +0530 TaxTMI RSS Generator Conditions subject to which approval is to be granted to a research association for deduction for expenditure on scientific research under section 45(4) read with section 45(3)(a) https://www.taxtmi.com/acts?id=53339 Approval for a research association is conditional upon a sole research object, self-conducted research activity, maintenance and audit of books of account, and timely furnishing of audit reports and specified statements to the jurisdictional Commissioner. The association must also provide a certified statement of donations and application of funds, along with details of research undertaken, publications, patents, and future research plans. Non-maintenance of books, failure to furnish required reports or statements, cessation of genuine research activity, or breach of approval conditions may trigger a report to the Central Government after enquiry. Act-Rules Income Tax Fri, 20 Mar 2026 17:43:36 +0530 https://www.taxtmi.com/acts?id=53339