CBDT Notifies ‘Auroville Foundation’ for the Purpose of Section 35 Relief
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- By Chetan Kulasri
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- Last Updated on 20 September, 2024
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S.O. 3961(E), dated 18-09-2024
The Central Board of Direct Taxes (CBDT) has approved the Auroville Foundation as an ‘Other Institution’ for carrying out research in social science or statistical research for the purpose of section 35(1)(iii), read with rules 5C and 5E of the Income-tax Rules, 1962.
The Notification shall be applicable for Assessment Years 2025-2026 to 2029-2030. The CBDT also clarified that no person is adversely affected by granting retrospective effect to the notification.
Click Here To Read The Full Notification
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