CBDT Approves Rajalakshmi University Trust for Scientific Research Under Section 35

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently shared a notification (F.No. 203/04/2025/ITA-II) on January 30 approving the Rajalakshmi University Trust, Chennai, for Scientific Research.

The Central Government, using its powers given by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43), read with rules 5C and 5E of the Income-tax Rules, 1962 permitts Rajalakshmi University Trust, Chennai (PAN: AABTR3879F), for ‘Scientific Research’ under the category of ‘University, college or other institution’.

This notification will be applicable for Assessment years 2026-27 to 2030-31, if the following condition is met:

1. Rajalakshmi University Trust, Chennai, will follow the conditions mentioned in Rule 5E of the Income-tax Rules, 1962.

2. Rajalakshmi University Trust, Chennai, must prepare a statement under Section 35(1A) of the Act for every financial year in Form No. 10BD. This statement must be submitted to the prescribed Income-tax authority or an authorised person in the prescribed format and manner. It should include all required details and must be filed on or before 31st May following the financial year in which the donation was received, as per Rule 18AB of the Income-tax Rules, 1962.

Such a university, college, or other institution is also permitted to submit a correction statement to the concerned authority if they need to fix any mistakes or make changes. They can use this to add new information, remove incorrect details, or update previously submitted information under section 35(1A) of the Act.

3. Rajalakshmi University Trust, Chennai, will give the donor a certificate in Form 10BE specifying the amount donated, containing all required details and will be provided within the time limit set under Rule 18AB of the Income-tax Rules, 1962.