Notification u/s 45(3)(a)(i) r.w.s 45(4)(b) of the Income Tax Act, 2025, in the case of Schizophrenia Research Foundation (I), Chennai Summary: The Central Board of Direct Taxes has approved Schizophrenia Research Foundation (I), Chennai (PAN: AABTS1181R) for Scientific Research as an ‘other institution’ under the category of University, college or other institution. The approval has been granted under section 45(4)(b) of the Income-tax Act, 2025, for the purposes of section 45(3)(a)(i), read with rules 32 and 34 of the Income-tax Rules, 2026. The approval is subject to the Foundation continuing to be approved as a Scientific and Industrial Research Organization (SIRO) by the Department of Scientific and Industrial Research, Government of India, during each applicable Tax Year. The Foundation must also comply with the conditions specified in rule 34. Further, it is required to prepare a statement under section 45(4)(a) in Form No. 15 for each tax year in which the donation is received and deliver it to the Director General of Income-tax (Systems) or the authorised person by 31 May immediately following that tax year, in accordance with rule 31. It must also furnish the donor a certificate in Form No. 16 specifying the amount of donation. The approval is effective for tax years 2026-2027 to 2030-2031. The related statutory framework includes Rule 34, which prescribes conditions for approval of universities, colleges and other institutions for scientific research.
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES)
Notification No. 122 of 2026-Income Tax| Dated: 28th September, 2026
S.O. 5325(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves Schizophrenia Research Foundation (I), Chennai (PAN: AABTS1181R) for Scientific Research as ‘other institution’ under the category of University, college or other institution, for the purposes of section 45(3)(a)(i) of the said Act of 2025 and rules 32 and 34 of the Income-tax Rules, 2026. 2. This notification shall be applicable to the Schizophrenia Research Foundation (I), Chennai (PAN: AABTS1181R), subject to the conditions that:
(A) Schizophrenia Research Foundation (I), Chennai 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 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.
This notification shall be effective for the tax years 2026-2027 to 2030-2031.
[F. No. 203/24/2025/ITA-II]
INDU BALA, Dy. Secy.
