CBDT Approves CPRI as Research Association for Scientific Research [Read Notification]
CBDT has approved the CPRI, Bengaluru, as a 'Research Association' for 'Scientific Research' under section 35(1)(ii) of the Income-tax Act, 1961
CBDT – CBDT Approves – CPRI – Research Association – CBDT Approves CPRI – Scientific Research – taxscan
CBDT – CBDT Approves – CPRI – Research Association – CBDT Approves CPRI – Scientific Research – taxscan
The Central Board of Direct Taxes (CBDT), through a notification (Notification No. 07/2025/F. No. 203/20/2024/ITA-II)issued on 14th January 2025, has approved the Central Power Research Institute (CPRI), Bengaluru (PAN: AAAAC0268P), under the category of 'Research Association' for the purpose of 'Scientific Research'. This approval is in accordance with section 35(1)(ii) of the Income-tax Act, 1961, and follows the guidelines outlined in Rules 5C and 5D of the Income-tax Rules, 1962.
Scientific research is a careful study or investigation to find new information or improve what we already know in areas like science, technology, medicine, engineering, or social studies. Its goal is to discover new facts or better understand things.
Section 35(1)(ii) of the Act provides for deductions to taxpayers who contribute to scientific research programs conducted by approved research associations. Under this section, contributions made to such research entities are eligible for tax benefits.
Boost Your Earning Potential: Upskill in Tax and Finance, Click Here
The CPRI, established to conduct research in the field of electrical power, will now be recognized as a scientific research entity eligible for such benefits. The CPRI's approval for scientific research activities signifies the government's recognition of the institute's efforts in advancing knowledge and innovation in the energy sector. This recognition can encourage more donations and contributions to the institute, fostering growth in the scientific and technological landscape, particularly in energy and power research.
The notification also clarifies that the approval is effective from the Previous Year 2024-25 and will apply to the Assessment Years 2025-2026 to 2029-2030. This means that tax benefits related to contributions to CPRI will be available for individuals and entities for these specific assessment years.
To Read the full text of the Notification CLICK HERE
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
