Notification u/s 45(3)(a)(i) r.w.s 45(4)(b) of the Income Tax Act, 2025 in the case of Regional Centre for Biotechnology, Faridabad, Haryana
Summary: The Central Board of Direct Taxes (CBDT), through Notification No. 67 of 2026 dated 30 May 2026, has granted approval to the Regional Centre for Biotechnology for scientific research purposes under Section 45(3)(a)(i) of the Income-tax Act, 2025. The approval has been accorded under the category of a university, college, or other institution and is issued pursuant to Section 45(4)(b) of the Act read with Rules 32 and 34 of the Income-tax Rules, 2026. The notification will remain effective for tax years 2026-27 to 2030-31, subject to compliance with prescribed conditions. The institution must comply with Rule 34, furnish an annual statement of donations received in Form No. 15 to the prescribed authority by 31 May following the relevant tax year, and issue donation certificates in Form No. 16 to donors. The approval enables eligible donations made to the institution for scientific research to qualify for tax benefits under the Income-tax Act, 2025, subject to statutory requirements.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 67 of 2026-CBDT | Dated: 30th May, 2026
S.O. 2750(E).— In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Regional Centre for Biotechnology, Faridabad, Haryana (PAN: AAAAR9016J) for Scientific Research 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 Regional Centre for Biotechnology, Faridabad, Haryana for the tax years 2026-2027 to 2030-2031, subject to the conditions that 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.
[F. No. 203/16/2025/ITA-II]
INDU BALA, Dy. Secy.
