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<p style="text-align:justify"><em>Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’</em></p>
<p style="text-align:justify">The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).</p>
<p style="text-align:justify">“The Central Government hereby approves M/s Patanjali Research Foundation Trust, Haridwar under the category ‘Research Association’ for Scientific Research for the purposes of clauses (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,” a notification dated July 12, issued by the Central Board of Direct Taxes (CBDT), said.</p>
<p style="text-align:justify">It will apply with effect from the date of publication in the Official Gazette (i.e from the previous year 2021-22) and accordingly shall be applicable for Assessment Year(s) 2022-23 to 2027-28.</p>
<p style="text-align:justify"><em>Research activities</em></p>
<p style="text-align:justify">Section 35 of the Income Tax Act allows deduction of expenditure “an amount equal to one-and-one- half times of any sum paid to a research association which has as its object the undertaking of scientific research or to a university, college or other institution to be used for scientific research.” Rule 5C of Income Tax Rules 1962 prescribes form and manner for deduction.</p>
<p style="text-align:justify">Rule 5D prescribes conditions for the approval. For this, the sole object will be to undertake scientific research or research in social science or statistical research. The research activity should be carried by research association itself. It will maintain books of account and get such books audited by an accountant as defined under the law and submit to the Income Tax Department. It will maintain a separate statement of donations received and amount applied for research.</p>
<p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/companies/contribution-to-patanjali-research-foundation-to-get-tax-exemption/article35295472.ece?fbclid=IwAR1UQERWaNqiOjfGtrHOYo021A5XJKJYJxJ55ctHLKSCu3Oaih-cavoiTZQ">click here</a> to read more. </p>
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LATEST NEWS UPDATES | Contribution to Patanjali Research Foundation to get tax exemption -Shishir Sinha </title>
<meta name="description" content="-The Hindu Business Line
Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).
“The Central Government hereby approves M/s Patanjali Research Foundation..."/>
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<meta property="og:description" content="-The Hindu Business Line
Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).
“The Central Government hereby approves M/s Patanjali Research Foundation..." />
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<br><small>July 13, 2021</small>
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-Down to Earth
The victims are living without shelter and are severely constrained for food and other necessities
Hundreds of families displaced by floods that took place in June in northern Bihar, have been forced to take shelter on nearby roads.
Large tracts of land are still submerged...</p>
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
India needs to be responsible, says V.K. Paul.
NITI Aayog member (health) V.K. Paul on Tuesday said a third wave of COVID surge is being witnessed across the world, adding that it is time to be very vigilant.
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-NDTV.com
"Deprivation of liberty for even a single day is one too many. We must always be mindful of the deeper systemic issues of our decisions," Justice DY Chandrachud said.
New Delhi: Anti-terror law should not be "misused for quelling dissent" Supreme Court Judge Justice Dr Dhananjaya...</p>
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LATEST NEWS UPDATES | Contribution to Patanjali Research Foundation to get tax exemption -Shishir Sinha </title>
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
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<br><small>July 13, 2021</small>
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-Down to Earth
The victims are living without shelter and are severely constrained for food and other necessities
Hundreds of families displaced by floods that took place in June in northern Bihar, have been forced to take shelter on nearby roads.
Large tracts of land are still submerged...</p>
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New Delhi: A group of more than 800 women’s rights organisations and concerned individuals have issued a statement condemning...</p>
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
India needs to be responsible, says V.K. Paul.
NITI Aayog member (health) V.K. Paul on Tuesday said a third wave of COVID surge is being witnessed across the world, adding that it is time to be very vigilant.
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-NDTV.com
"Deprivation of liberty for even a single day is one too many. We must always be mindful of the deeper systemic issues of our decisions," Justice DY Chandrachud said.
New Delhi: Anti-terror law should not be "misused for quelling dissent" Supreme Court Judge Justice Dr Dhananjaya...</p>
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LATEST NEWS UPDATES | Contribution to Patanjali Research Foundation to get tax exemption -Shishir Sinha </title>
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).
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<br><small>July 13, 2021</small>
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Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-Down to Earth
The victims are living without shelter and are severely constrained for food and other necessities
Hundreds of families displaced by floods that took place in June in northern Bihar, have been forced to take shelter on nearby roads.
Large tracts of land are still submerged...</p>
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-The Hindu
India needs to be responsible, says V.K. Paul.
NITI Aayog member (health) V.K. Paul on Tuesday said a third wave of COVID surge is being witnessed across the world, adding that it is time to be very vigilant.
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<br><small>July 13, 2021</small>
<p style="padding-top: 6px;">-NDTV.com
"Deprivation of liberty for even a single day is one too many. We must always be mindful of the deeper systemic issues of our decisions," Justice DY Chandrachud said.
New Delhi: Anti-terror law should not be "misused for quelling dissent" Supreme Court Judge Justice Dr Dhananjaya...</p>
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LATEST NEWS UPDATES | Contribution to Patanjali Research Foundation to get tax exemption -Shishir Sinha
-The Hindu Business Line
Central Government approved the Baba Ramdev-owned entity under the category ‘Research Association’
The Income Tax Department has notified five years exemption for Patanjali Research Foundation Trust, based in Haridwar (Uttarakhand).
“The Central Government hereby approves M/s Patanjali Research Foundation Trust, Haridwar under the category...
-Down to Earth
The victims are living without shelter and are severely constrained for food and other necessities
Hundreds of families displaced by floods that took place in June in northern Bihar, have been forced to take shelter on nearby roads.
Large tracts of land are still submerged...
-TheWire.in
"Such mass targeting of Muslim women in public spaces, whether online or offline, that treats them as objects in the political discourse of Hindutva is simply unacceptable."
New Delhi: A group of more than 800 women’s rights organisations and concerned individuals have issued a statement condemning...
-The Hindu
India needs to be responsible, says V.K. Paul.
NITI Aayog member (health) V.K. Paul on Tuesday said a third wave of COVID surge is being witnessed across the world, adding that it is time to be very vigilant.
“India needs to be responsible and not allow...
-NDTV.com
"Deprivation of liberty for even a single day is one too many. We must always be mindful of the deeper systemic issues of our decisions," Justice DY Chandrachud said.
New Delhi: Anti-terror law should not be "misused for quelling dissent" Supreme Court Judge Justice Dr Dhananjaya...
