Central Board of Direct Taxes (CBDT) issued notification no. 76/2026 dated 06.07.2026 to hereby approve deductions under section 45(3)(a)(ii) of the Income tax Act, 2025 and rules 32 and 34 of the said Act to the Indian Institute for Human Settlements, Bangaluru (PAN: AACCI0088F) for research in Social Science or Statistical Research under the category of University, college or other institution
This notification shall be applicable to the Indian Institute for Human Settlements, Bangalore for the tax years 2026-27 to 2030-2031, subject to the conditions that it shall –
(i) comply with the condition specified in rule 34 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.
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