(TO BE PUBLISH ED IN PART II, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETfE OF IND IA )
(i) The sums paid to the approved organi zation shall be used to undertake scientifi c research/social science research I statistical research ;
(ii) The approved organization shall carry out scientific/social science/statistical 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 Isocial science / statistical 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 fu rnishi ng the return of income under sub-section (I) of section 139 of the said Act;
(iv) The approved o rgani zation shall maintain a separate statement of donations received and amounts applied for scientific Isocial science I statisti cal research, such donations shall be used exclusively used for core research activity and a copy of such statement duly certified by the auditor shall accompany the report of aud it referred to above.
(v) Donations being received by the organization under clause (ii)/(iii) of sub-section (I) of sectio n 35 of the Act, shall be used exclusively for core scientific Isocia l science I statistical research on ly and not fo r hospital activities, activities related to treatment of patients, general educational activities (other than research) or any other object of the organization.
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Governmen t of India
Ministry of Finance
(Department of Revenue)
(Central Board of Direct Taxes)
Notification
New Delhi, the 27ThAugust, 2018
S.D. It is hereby notified for general info rmation that the organization MIs C.B.C.I. Society for Medical Education, Benga luru (PAN:- AAATC0773E) has been appro ved by the Central Government for the purpose ofelause (ii) Ielause (iii) of sub-section (I) 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 2018-2019 onwards in the category of 'University, College or other Institution ', engaged in research activities, subject to the fo llowing conditions, narnely:-(i) The sums paid to the approved organi zation shall be used to undertake scientifi c research/social science research I statistical research ;
(ii) The approved organization shall carry out scientific/social science/statistical 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 Isocial science / statistical 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 fu rnishi ng the return of income under sub-section (I) of section 139 of the said Act;
(iv) The approved o rgani zation shall maintain a separate statement of donations received and amounts applied for scientific Isocial science I statisti cal research, such donations shall be used exclusively used for core research activity and a copy of such statement duly certified by the auditor shall accompany the report of aud it referred to above.
(v) Donations being received by the organization under clause (ii)/(iii) of sub-section (I) of sectio n 35 of the Act, shall be used exclusively for core scientific Isocia l science I statistical research on ly and not fo r hospital activities, activities related to treatment of patients, general educational activities (other than research) or any other object of the organization.
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