Approval of Zandu Foundation for Health Care for Scientific Research under Income-tax Act, 2025

Last updated: 10 October 2026

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The Zandu Foundation for Health Care in Mumbai has been approved by the Central Government for scientific research under the Income-tax Act, 2025. This approval allows the foundation to receive donations that qualify for tax benefits. The approval is valid for the tax years 2026-2027 through 2030-2031, subject to the foundation meeting specific conditions.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 28th September, 2026
No. 124 of 2026-CBDT

S.O. 5327(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Zandu Foundation for Health Care, Mumbai, (PAN: AAATZ1289L) for Scientific Research under the category of Research Association, for the purposes of section 45(3)(a)(i) of the said Act of 2025 and rules 32 and 33 of the Income-tax Rules, 2026.

2. This notification shall be applicable to the Zandu Foundation for Health Care, Mumbai (PAN: AAATZ1289L),subject to the conditions that:

(A) Zandu Foundation for Health Care, Mumbai, continues to be approved as Scientific and Industrial Research Organization (SIRO) by Department of Scientific and Industrial Research, Government of India during each of the Tax
Years for which this notification is effective.
(B) it shall––
(i) comply with the conditions specified in rule 33 of the Income-tax Rules, 2026;
(ii) prepare statement under section 45(4)(a) of the Income-tax Act, 2025 for each tax year in Form No.15 and deliver or cause to be delivered to the Director General of Income-tax (Systems) or the person authorised by him on or before the 31st May, immediately following the tax year in which the donation is received,in accordance with rule 31 of the Income-tax Rules, 2026:
(iii) furnish to the donor, a certificate in Form No.16 specifying the amount of donation in accordance with rule 31 of the Income-tax Rules, 2026.

This notification shall be effective for the tax years 2026-2027 to 2030-2031.

[F. No. 203/28/2025/ITA-II]
INDU BALA, Dy. Secy

FAQ :

The Zandu Foundation for Health Care has been approved for Scientific Research under the Income-tax Act, 2025, functioning as a Research Association.

The approval is granted in pursuance of section 45(4)(b) of the Income-tax Act, 2025, for the purposes of section 45(3)(a)(i) and rules 32 and 33 of the Income-tax Rules, 2026.

The foundation must remain approved as a Scientific and Industrial Research Organization (SIRO), comply with rule 33 of the Income-tax Rules, 2026, and prepare/deliver statements in Form No. 15 by 31st May annually, and furnish certificates in Form No. 16 to donors.

This notification is effective for the tax years 2026-2027 to 2030-2031.

The Zandu Foundation for Health Care is located in Mumbai.

Notification No : 124/2026 IT
Source : https://www.incometaxindia.gov.in/documents/d/guest/notification-no-124-2026-pdf

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