Quick Summary
The Central Board of Direct Taxes (CBDT) has granted approval to Bhaikaka University, Anand, Gujarat, for tax exemption under Section 35(1)(ii) of the Income-tax Act, 1961. This designation, as per Notification No. 15/2025, allows the university to receive donations that qualify for tax deductions w
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Bhaikaka University has been granted tax exemption by the CBDT under Section 35(1)(ii) of the Income-tax Act, 1961, for scientific research.
The exemption allows Bhaikaka University to receive donations that qualify for tax deductions for donors, specifically when these funds are used for scientific research.
The approval is effective from the previous financial year, 2024-25.
The exemption is valid for the assessment years 2025-26 through 2029-30.
The decision aims to promote scientific research and innovation within educational institutions like Bhaikaka University.
No, the government has clarified that the retrospective effect of this notification does not adversely impact any taxpayer.
CAclubindia
