The Central Board of Direct Taxes (CBDT), Ministry of Finance, Department of Revenue, has notified the approval of Jai Research Foundation, Valsad, Gujarat, for undertaking Scientific Research under the category of a “Research Association” under the Income-tax Act, 2025. The approval has been notified vide Notification No. 132 of 2026-CBDT dated September 29, 2026.
Approval Granted under Section 45 of Income-tax Act, 2025
The Central Government has granted the approval in pursuance of Section 45(4)(b) of the Income-tax Act, 2025. Jai Research Foundation, Valsad, Gujarat, bearing PAN: AAATJ1806H, has been approved for Scientific Research under the category of Research Association for the purposes of Section 45(3)(a)(i) of the Income-tax Act, 2025, read with Rules 32 and 33 of the Income-tax Rules, 2026.
Approval to Remain Applicable from Tax Year 2026-27 to 2030-31
The Notification provides that the approval will be applicable to Jai Research Foundation for five tax years beginning with tax year 2026-27 and ending with tax year 2030-31, subject to fulfilment of the prescribed statutory conditions.
Research Association Must Comply with Rule 33
As a condition of the approval, Jai Research Foundation is required to comply with all the conditions specified under Rule 33 of the Income-tax Rules, 2026. Continued compliance with the prescribed requirements will therefore be essential during the period for which the approval remains operative.
Annual Donation Statement to Be Filed in Form No. 15
The Foundation will also be required to prepare a statement under Section 45(4)(a) of the Income-tax Act, 2025 for each tax year in Form No. 15. Such statement has to be furnished to the Director General of Income-tax (Systems) or to the person authorised by him on or before May 31 immediately following the tax year in which the donation is received, in accordance with Rule 31 of the Income-tax Rules, 2026.
Donation Certificate to Donors in Form No. 16
Further, the approved Research Association is required to issue a certificate to the donor in Form No. 16, specifying the amount of donation received, in accordance with Rule 31 of the Income-tax Rules, 2026.
Recognition Important for Donations Towards Scientific Research
The approval formally recognises Jai Research Foundation as an approved Research Association for Scientific Research under the new Income-tax Act, 2025 framework. Donations received during the notified period will be governed by the applicable provisions of Section 45 and the Income-tax Rules, 2026, subject to the Foundation meeting the stipulated compliance requirements.
The Notification can be accessed at: https://www.incometaxindia.gov.in/documents/d/guest/en_notification_132-pdf
