The CBDT issued Notifications No. 40/2026, 42/2026, and 43/2026 all dated March 30, 2026 under section 35(1)(ii) of the Income-tax Act, 1961, approving certain institutions for the purpose of scientific research, thereby enabling tax benefits for eligible donations made to these institutions.
Under Notification No. 40/2026, the Indian Institute of Technology (IIT), Bhilai has been approved as a scientific research institution under the category of “University, college or other institution.” Similarly, Notification No. 42/2026, grants approval to the Indian Institute of Technology (IIT), Bombay under the same category.
Further, under Notification No. 43/2026, the Indian Rubber Materials Research Institute, Thane, Maharashtra has been approved as a “Research Association” for scientific research purposes.
These approvals are applicable for Assessment Years 2026-27 to 2030-31, subject to conditions including compliance with relevant Income-tax Rules, furnishing of annual statements in prescribed forms, and issuance of certificates to donors for eligible contributions.
The notifications are aimed at promoting scientific research and encouraging institutional funding by providing tax incentives to donors contributing towards recognized research institutions.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/03/CBDT-NN-40-42-43.pdf
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