The Central Government, through the Central Board of Direct Taxes, issued Notification No. 43/2026 under Section 35(1)(ii) of the Income-tax Act, 1961, granting approval to the Indian Rubber Materials Research Institute as a “Research Association” for scientific research. This approval, valid from Assessment Years 2026–27 to 2030–31, enables donors to claim weighted deductions for contributions made to the institute, subject to compliance with prescribed rules. The institute must adhere to Rule 5D conditions, including maintaining proper records and ensuring research activities align with notified purposes. It is also required to file annual donation statements in Form 10BD and issue certificates in Form 10BE to donors within prescribed timelines under Rule 18AB. The notification emphasizes procedural compliance, transparency, and accurate reporting, ensuring that tax benefits are granted only where statutory conditions are strictly fulfilled.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 43/2026-Income Tax | Dated: 30th March, 2026
S.O. 1659(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 5D of the Income-tax Rules, 1962 (the Rules), the Central Government hereby approves ‘Indian Rubber Materials Research Institute’ (PAN:AAAAT7089F), Thane, Maharashtra for ‘Scientific Research’ under the category of ‘Research Association’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5D 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. ‘Indian Rubber Materials Research Institute’, Thane, Maharashtra shall comply with the conditions specified in Rule 5D of the Income-tax Rules, 1962.
ii. ‘Indian Rubber Materials Research Institute’, Thane, Maharashtra shall prepare statement under subsection (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 ) ‘Indian Rubber Materials Research Institute’, Thane, Maharashtra 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. 43/2026 /F. No. 203/11/2025/ITA-II]
INDU BALA, Dy. Secy.
