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Core Purpose

The Central Government approves Rajalakshmi University Trust, Chennai for 'Scientific Research' under the 'University, college or other institution' category for income-tax purposes.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, through Notification S.O. 433(E) dated 30th January, 2026 (Notification No. 16/2026), approved Rajalakshmi University Trust, Chennai (PAN: AABTR3879F) for 'Scientific Research' under the category of 'University, college or other institution'. This approval is granted in exercise of powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962. The notification is applicable for Assessment Years 2026-27 to 2030-31, subject to specific conditions. Rajalakshmi University Trust must comply with Rule 5E of the Income-tax Rules, 1962; prepare and deliver a statement in Form No.10BD under sub-section (1A) of section 35 of the Act by May 31st following the financial year of donation, as prescribed in Rule 18AB of the Income-tax Rules, 1962 (with provision for correction statements); and furnish donors with a certificate in Form No.10BE as per Rule 18AB. The notification is issued with Document Identification No. ITBA/ADF/F/ADF_23/2025-26/1085337281(1).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30012026-269668 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No.405] NEW DELHI, FRIDAY, JANUARY 30, 2026/MAGHA 10, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th January, 2026 S.O. 433(E). In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) (the Act) read with Rules 5C and 5E of the Income-tax Rules, 1962 (the Rules), the Central Government hereby approves Rajalakshmi University Trust, Chennai (PAN: AABTR3879F), for ‘Scientific Research' under the category of ‘University, college or other institution' for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962. 2. This Notification shall be applicable for Assessment years 2026-27 to 2030-31 subject to the following conditions: (i) Rajalakshmi University Trust, Chennai shall comply with the conditions specified in Rule 5E of the Income-tax Rules, 1962. (ii) Rajalakshmi University Trust, Chennai shall prepare statement under sub-section (1A) of section 35 of the Act for each financial year as prescribed in Form No.10BD and deliver or cause to be delivered to the said prescribed income-tax authority or the person authorised by such authority such statement in such form, verified in such manner, setting forth such particulars on or before the 31st May, immediately following the financial year in which the donation is received, as prescribed in Rule 18AB of the Income-tax Rules, 1962. Provided that such university, college or other institution may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under sub-section (1A) of section 35 of the Act; (iii) Rajalakshmi University Trust, Chennai shall furnish to the donor, a certificate in Form No.10BE specifying the amount of donation in such manner, containing such particulars and within such time from the date of receipt of sum, as prescribed in Rule 18AB of the Income-tax Rules, 1962. [F.No. 203/04/2025/ITA-II] INDU BALA, Dy. Secy. (Notification No. 16/2026) This notification is issued with Document Identification No. (DIN) ITBA/ADF/F/ADF_23/2025- 26/1085337281(1) of Income Tax Department.

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