The Ministry of Finance has issued Notification No. 15/2025, dated February 10, 2025, announcing the approval of Bhaikaka University, Anand, Gujarat (PAN: AAGAB9280N) under Section 35(1)(ii) of the Income Tax Act, 1961. This recognition allows the university to qualify for income tax benefits related to scientific research.
According to the notification, donations made to Bhaikaka University for scientific research will be eligible for weighted tax deductions under the provisions of the Income Tax Act. This notification is expected to encourage increased research funding and further enhance the university’s contributions to scientific innovation.
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The approval applies from the Previous Year 2024-25 and will be valid for Assessment Years 2025-26 to 2029-30. The notification also clarifies that no individual or entity is adversely affected by its retrospective effect.
About Bhaikaka University
Bhaikaka University, located in Anand, Gujarat, is a premier institution dedicated to higher education, healthcare, and scientific research. Named after Shri Bhaikaka, a visionary leader and social reformer, the university is known for its emphasis on medical sciences, allied health studies, and research-driven education. Recognized under Section 35(1)(ii) of the Income Tax Act, 1961, Bhaikaka University is now eligible for scientific research funding and tax benefits.
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S.O. 673(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 5E of the Income-tax Rules, 1962, the Central Government hereby approves ‘Bhaikaka University’ Anand, Gujarat (PAN: AAGAB9280N) for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.
2. This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2024-25) and accordingly shall be applicable for Assessment Years 2025-26 to 2029-30.
[Notification No. 15/2025/ F. No. 203/27/2024/ITA-II]
CASTRO JAYAPRAKASH T., Under Secy.
Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.
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