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The Central Government approves the organization M/s Charutar Arogya Mandal, Gujarat for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. The approval applies from Assessment year 2019-2020 onwards in the category of University, College or other Institution engaged in research activities. The organization must use sums paid to undertake scientific research through its faculty members or enrolled students. The organization must maintain separate books of accounts, get them audited by an accountant, and furnish the audit report by the due date of furnishing the return of income under sub-section (1) of section 139.
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(TO BE PUBLISHED IN PART II, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETTE OF INDIA)
Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes)
Notification
New Delhi, the 3rd October, 2018
S.O.
It is hereby notified for general information that the organization M/s Charutar Arogya Mandal, Gujarat (PAN:- AAATC1264G) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2019-2020 onwards in the category of 'University, College or other Institution', engaged in research activities, subject to the following conditions, namely:-
(i) The sums paid to the approved organization shall be used to undertake scientific research;
(ii) The approved organization shall carry out scientific research through its faculty members or enrolled students;
(iii) The approved organization shall maintain separate books of accounts in respect of the sums received by it for scientific research, reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in the explanation to sub-section (2) of section 288 of the said Act and furnish the report of such audit duly signed and verified by such accountant to the Commissioner of Income-tax or the Director of Income-tax having jurisdiction over the case, by the due date of furnishing the return of income under sub-section (1) of section 139 of the said Act;
(iv) The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research, such donations shall be used exclusively for core scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.
(v) Donations being received by the organization under clause (ii) of sub-section (1) of section 35 of the Act, shall be used exclusively for core scientific research only and not for hospital activities, activities related to treatment of patients, general educational activities (other than research) or any other object of the organization.
(vi) The approved organization shall, by the due date of furnishing the return of income under sub-section (1) of section 139, furnish a statement to the Commissioner of Income-tax or Director of Income-tax containing-
Notification No. 75/2018
(F.No.203/26/2018/ITA-II)
(Rajarajeswari R.)
Under Secretary to Government of India
To
The Manager,
Govt. of India Press,
Mayapuri, New Delhi
Copy forwarded to:
[Image omitted. See the official document.]
Under Secretary to Government of India
