CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]
![CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-Patanjali-Research-Foundation-Trust-scientific-research-Taxscan.jpg "CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]")
The Central Board of Direct Taxes (CBDT) allowed Deduction to Patanjali Research Foundation Trust towards expenditure on scientific research. “In exercise of the powers conferred by clauses (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 M/s Patanjali...
The Central Board of Direct Taxes (CBDT) allowed Deduction to Patanjali Research Foundation Trust towards expenditure on scientific research.
“In exercise of the powers conferred by clauses (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 M/s Patanjali Research Foundation Trust, Haridwar (PAN:-AABTP8183E) under the category “Research Association” for Scientific Research for the purposes of clauses (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,” the CBDT said.
This Notification shall apply with effect from the date of publication in the Official Gazette (i.e from the Previous Year 2021-2022) and accordingly shall be applicable for Assessment Year(s) 2022-23 to 2027-28.
To Read the full text of the Notification CLICK HERE
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