The Central Board of Direct Taxes, through Notification No. 21/2026 dated 18 March 2026, approved G.S.L. Medical College and General Hospital under G.S.L. Trust, Andhra Pradesh, as a recognized institution for scientific research under Section 35(1)(ii) of the Income-tax Act, 1961. This approval, valid from Assessment Years 2026–27 to 2030–31, enables donors to claim weighted deductions on contributions made to the institution, subject to compliance with prescribed rules. The Trust must adhere to Rule 5E conditions, maintain transparency, and file annual statements of donations in Form 10BD within the prescribed timeline. It is also required to issue donation certificates in Form 10BE to donors to facilitate tax benefits. Additionally, provisions allow correction of submitted statements to ensure accuracy. The notification reinforces regulatory compliance, accountability, and proper reporting mechanisms while promoting scientific research through tax incentives and structured documentation requirements.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 21/2026-Income Tax | Dated: 18th March, 2026
S.O. 1401(E).— 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) (the Act) read with Rules 5C and 5E of the Income-tax Rules, 1962 (the Rules), the Central Government hereby approves G.S.L. Medical College and General Hospital under the aegis of G.S.L. TRUST’ (PAN: AAATG3008N), Rajahmundry, Andhra Pradesh, for ‘Scientific Research’ under the category of ‘University, college or other institution’ 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.
2. This Notification shall be applicable for Assessment years 2026-27 to 2030-31 subject to the following conditions:
i. G. S.L. TRUST, Rajahmundry, Andhra Pradesh shall comply with the conditions specified in Rule 5E of the Income-tax Rules, 1962.
ii. G. S.L. TRUST, Rajahmundry, Andhra Pradesh shall prepare statement under sub-section (1A) of section 35 of the Act for each financial year as prescribed in Form No.10BD and deliver or cause to be delivered to the said prescribed income-tax authority or the person authorised by such authority such statement in such form, verified in such manner, setting forth such particulars on or before the 31st May, immediately following the financial year in which the donation is received, as prescribed in Rule 18AB of the Income-tax Rules,1962.
Provided that such university, college or other institution may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered under sub-section (1A) of section 35 of the Act;
iii. G. S.L. TRUST, Rajahmundry, Andhra Pradesh shall furnish to the donor, a certificate in Form No.10BE specifying the amount of donation in such manner, containing such particulars and within such time from the date of receipt of sum, as prescribed in Rule 18AB of the Income-tax Rules,1962.
[Notification No. 21/2026/F. No. 203/06/2025/ITA-II]
INDU BALA, Dy. Secy.
This notification is issued with Document Identification No. (DIN) ITBA/ADF/M/ADF 23/2025-26/1087546829(1) of Income Tax Department.
