The Central Board of Direct Taxes ( CBDT ) issued notification no. 131/2024 dated December 30, 2024, announcing the approval of Sri Paripoorna Sanathana Charitable Trust for income tax benefits related to contributions for scientific research.
This notification, published in the official Gazette of India, recognizes the Trust’s unit, Sri Paripoorna Sanathana Ayurveda Medical College, Hospital, and Research Centre, under the category of “University, college, or other institution” engaged in scientific research.
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This approval is granted under Section 35(1)(ii) of the Income Tax Act, 1961, and applies retrospectively from the financial year 2024-25 through the assessment years 2025-26 to 2029-30.
Sri Paripoorna Sanathana Charitable Trust, established on January 19, 2012, in Bangalore, is dedicated to providing free welfare services in education, healthcare, and shelter for the aged, differently abled, and mentally challenged.
The Trust also promotes sustainable development, traditional healthcare, and spiritual activities like Yoga and holistic living. Its activities are based in Arjunabettahalli, Nelamangala Taluk, about 40 km from Bangalore, and are supported by generous donations.
Now, its Ayurveda College, Hospital, and Research Centre received tax exemption benefits under Section 35(1)(ii) of the Income Tax Act, further supporting its research contributions.
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S.O. 5629(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 ‘Sri Paripoorna Sanathana Charitable Trust’, Bengaluru (PAN: AALTS2655L) for its college unit, ‘Sri Paripoorna Sanathana Ayurveda Medical College, Hospital and Research Centre’ under the category of ‘University, college or other institution’ 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 5E of the Income-tax Rules, 1962.
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. 131/2024/F.No. 203/13/2024/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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