Summary: The Central Government, through CBDT Notification No. 132 of 2026-CBDT dated 29 September 2026, has approved Jai Research Foundation, Valsad, Gujarat (PAN: AAATJ1806H) for Scientific Research under the category of Research Association. The approval is granted in pursuance of section 45(4)(b) and for the purposes of section 45(3)(a)(i) of the Income-tax Act, 2025, read with rules 32 and 33 of the Income-tax Rules, 2026. The approval applies for tax years 2026-2027 to 2030-2031. The Foundation is required to comply with rule 33, prepare a statement under section 45(4)(a) in Form No. 15 for each tax year and deliver or cause it to be delivered to the Director General of Income-tax (Systems) or the authorised person on or before 31 May immediately following the tax year in which the donation is received, in accordance with rule 31. It is also required to furnish the donor a certificate in Form No. 16 specifying the amount of donation in accordance with rule 31. The notification is issued under F. No. 203/25/2025/ITA-II and is signed by Indu Bala, Deputy Secretary. The statutory framework underlying the approval includes rule 33, which prescribes conditions for approval of a research association for deduction relating to expenditure on scientific research.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 132 of 2026-Income Tax | Dated: 29th September, 2026
S.O. 5353(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Jai Research Foundation, Valsad, Gujarat (PAN: AAATJ1806H) 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 Jai Research Foundation, Valsad, Gujarat for the tax years 2026-2027 to 2030-2031, subject to the conditions that 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.
[F. No. 203/25/2025/ITA-II]
INDU BALA, Dy. Secy.
