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Core Purpose

The Central Government approves 'Tea Research Association' (PAN: AAAAT3430E), Kolkata, West Bengal, as a 'Research Association' for 'Scientific Research' under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rules 5C and 5D of the Income-tax Rules, 1962.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, issued Notification S.O. 1491(E) on March 20, 2026, approving the 'Tea Research Association' (PAN: AAAAT3430E) located in Kolkata, West Bengal, as a 'Research Association' for 'Scientific Research'. This approval is granted in exercise of powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961), read with Rules 5C and 5D of the Income-tax Rules, 1962. The approval is applicable for Assessment Years 2027-28 to 2031-32, subject to specific conditions. Firstly, the 'Tea Research Association' must comply with Rule 5D of the Income-tax Rules, 1962. Secondly, it must prepare and deliver a statement under sub-section (1A) of section 35 of the Act for each financial year in Form No.10BD to the prescribed income-tax authority by May 31st, immediately following the financial year in which the donation is received, as prescribed in Rule 18AB of the Income-tax Rules, 1962. A correction statement may also be delivered for rectification. Thirdly, it must furnish a certificate in Form No.10BE to the donor, specifying the amount of donation, as prescribed in Rule 18AB of the Income-tax Rules, 1962. The notification reference is No.24/2026/F. No. 203/13/2025/ITA-II, signed by INDU BALA, Dy. Secy.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-20032026-271138 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1426] NEW DELHI, FRIDAY, MARCH 20, 2026/PHALGUNA 29, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th March, 2026. S.O. 1491(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5D of the Income-tax Rules, 1962, the Central Government hereby approves 'Tea Research Association' (PAN: AAAAT3430E), Kolkata, West Bengal under the category of 'Research Association' for 'Scientific Research' for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5D of the Income-tax Rules, 1962. 2. This Notification shall be applicable for Assessment years 2027-28 to 2031-32 subject to the following conditions: i. 'Tea Research Association' Kolkata, West Bengal shall comply with the conditions specified in Rule 5D of the Income-tax Rules, 1962. ii. 'Tea Research Association' Kolkata, West Bengal shall prepare statement under sub-section (1A) of section 35 of the Act for each financial year as prescribed in Form No.10BD and deliver or cause to be delivered to the said prescribed income-tax authority or the person authorised by such authority such statement in such form, verified in such manner, setting forth such particulars on or before the 31st May, immediately following the financial year in which the donation is received, as prescribed in Rule 18AB of the Income-tax Rules, 1962. Provided that such research association may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under sub-section (1A) of section 35 of the Act; iii. 'Tea Research Association' Kolkata, West Bengal shall furnish to the donor, a certificate in Form No.10BE specifying the amount of donation in such manner, containing such particulars and within such time from the date of receipt of sum, as prescribed in Rule 18AB of the Income-tax Rules, 1962. [Notification No.24/2026/F. No. 203/13/2025/ITA-II] INDU BALA, Dy. Secy.

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