Panjab University notified for Income Tax Deduction u/s 35 [Read Notification]

The Central Board of Direct Taxes (CBDT) has notified the Panjab University, Chandigarh for Income Tax Deduction under section 35 of the Income Tax Act 1961 via issuing a Notification.

The Notification read as follows:

In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central Government hereby approves ‘Panjab University, Chandigarh (PAN: AAAJP0325R) under the category of ‘University, college or other institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.

This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2023-24) and accordingly shall be applicable for Assessment Years 2024-2025 to 2028-2029.

For Official Notification Download PDF Given Below: