The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 18/2026 (S.O. 1076(E)) dated 27th February 2026, granting approval to the Sri Ramachandra Institute of Higher Education and Research Trust for undertaking Scientific Research under the category of University, College or Other Institution in accordance with clause (ii) of sub-section (1) of Section 35 of the Income-tax Act, 1961.
Validity of Approval
The approval will remain effective for Assessment Years 2026-27 to 2030-31, subject to compliance with prescribed conditions under Rules 5C and 5E of the Income-tax Rules, 1962.
Key Conditions Specified
Under the notification, the institution shall:
- Comply with Rule 5E of the Income-tax Rules, 1962 regarding scientific research reporting requirements.
- Prepare and furnish annual statements of donations received for scientific research in Form No. 10BD, as mandated under Section 35(1A) of the Income-tax Act, and submit the same to the prescribed income-tax authority on or before 31st May following the relevant financial year.
- Provide Form No. 10BE certificates to donors, detailing the amount of donation and other prescribed particulars, within the time limits specified under Rule 18AB of the Income-tax Rules, 1962.
The notification further allows submission of correction statements to rectify or update information furnished earlier under Section 35(1A).
Purpose of the Approval
The recognition will enable eligible donors contributing to the approved scientific research activities of the institution to avail weighted deduction benefits under the Income-tax Act, thereby promoting investment in higher education-linked research initiatives.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/02/CBDT-Notification-No.-18-2026.pdf
