Conditions subject to which approval is to be granted to a University, college or other institution 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 University, college or other institution for deduction for expenditure on scientific research under section 45(4) read with section 45(3)(a) https://www.taxtmi.com/acts?id=53340 Conditions for approval of a university, college or other institution require that sums received are used for scientific research, including social science or statistical research, and that research is carried on through faculty members or enrolled students. The approved institution must maintain separate books of account, get them audited, furnish the audit report and required statements on donations, research activity, publications, patents, and future research plans, and may be reported upon if these conditions are not met or the activities are not genuine. en-us Fri, 20 Mar 2026 17:43:55 +0530 Mon, 06 Apr 2026 12:39:16 +0530 TaxTMI RSS Generator Conditions subject to which approval is to be granted to a University, college or other institution for deduction for expenditure on scientific research under section 45(4) read with section 45(3)(a) https://www.taxtmi.com/acts?id=53340 Conditions for approval of a university, college or other institution require that sums received are used for scientific research, including social science or statistical research, and that research is carried on through faculty members or enrolled students. The approved institution must maintain separate books of account, get them audited, furnish the audit report and required statements on donations, research activity, publications, patents, and future research plans, and may be reported upon if these conditions are not met or the activities are not genuine. Act-Rules Income Tax Fri, 20 Mar 2026 17:43:55 +0530 https://www.taxtmi.com/acts?id=53340