The Central Board of Direct Taxes (CBDT) has issued Notification No. 14/2026, dated 27th January 2026, approving “Sikshya O Anusandhan”, Bhubaneswar, Odisha (PAN: AABTS1525R) as an institution eligible for deductions under Section 35(1)(ii) of the Income-tax Act, 1961 for the purpose of Scientific Research under the category of University, College or Other Institution.
Key Highlights
- The approval has been granted in exercise of the powers under Section 35(1)(ii) of the Income-tax Act read with Rules 5C and 5E of the Income-tax Rules, 1962.
- The approval is valid for Assessment Years 2026-27 to 2030-31.
- The institution must comply with the conditions prescribed under Rule 5E of the Income-tax Rules, 1962.
Compliance Requirements for the Institution
Annual Statement (Form 10BD):
- The institution shall prepare and file a statement under Section 35(1A) in Form No. 10BD, verified in the prescribed manner, on or before 31st May following the financial year in which the donation was received.
- Submission must follow Rule 18AB of the Income-tax Rules, 1962.
- A correction statement may also be filed to rectify errors or update information.
Certificate to Donors (Form 10BE):
- The institution must furnish to each donor a certificate in Form No. 10BE, containing the donation details within the stipulated time as per Rule 18AB.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/01/CBDT-NN-14-2026.pdf
