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The Central Government approves M/s Centre for Brain Research, Bangalore as a Scientific Research Association for clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. The approval applies from Assessment year 2018-2019 onwards. The organization must undertake scientific research by itself and maintain separate books of accounts. The organization must get the books audited by an accountant and furnish the audit report to the tax authority by the due date of furnishing the return of income. The organization must maintain a separate statement of donations received and amounts applied for scientific research.
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(TO BE PUBLISHED IN PART II, SUB·SECTION (ii) OF SECTION 3 EXTRA·ORDINA RY OF THE GAZETfE OF INDIA)
Government of India
Ministry of Fin:lncc
(Department of Revenue)
(Central Board of Direct Taxes)
Notification
New Delhi, th e 26 November, 2018
S.D.
It is hereby notified for general information that the organization MIs Centre for Brain Research, Bangalore (pAN:AABTC7082K) has been approved by the Central Government for the purpose of clause (ii) of sub·section ( I) of section 35 of the Income·tax Act, 196 1 (said Act), rcad with Rules 5C and 5D of the Income·tax Rules, 1962 (said Rules), from Assessment yea r 2018·2019 onwa rds in the category of 'Scientific Research Association ', subject to the fo llowing conditions, namely:-
J:a.-
(Rohit Garg)
Director to Government of India
Notification No. 8312018
(f. No.203123/201 7/ITA· 1I)
To
The Manager,
Govt. of India Press,
Mayapuri, New Delhi
Copy forwarded to;
(Rohit Garg)
Director to Government of Indin
