Quick Summary
In a significant move, the Central Government has granted approval to the Central Power Research Institute (CPRI), Bengaluru, under the category of "Research Association" for "Scientific Research" as per Section 35(1)(ii) of the Income Tax Act, 1961. This approval, announced through Notification No.
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FAQ :
CPRI stands for the Central Power Research Institute, located in Bengaluru.
CPRI has been approved by the Central Government as a 'Research Association' for 'Scientific Research' under Section 35(1)(ii) of the Income Tax Act, 1961.
The approval provides tax benefits to contributions made to CPRI for its scientific research activities.
The approval is effective retrospectively from the financial year 2024-25.
The approval applies for assessment years 2025-26 to 2029-30.
The aim is to foster innovation and research in the power sector, leading to advancements in energy efficiency and sustainable technologies.
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