35 I (II) & 35 I (III)

Sec: 35(1) (ii) & 35I(iii) donor will receive 175% weighted deduction on the donated amount to an approved scientific research association, which has as its object the undertaking of scientific research or to an approved university, college or other institution to be used for scientific research or social science or statistical research. This is for all assesses carrying on business or profession.

Sec: 80GGA 2(a) 2(aa) also gives deduction for those institutions & associations approved u/s 35(1)(ii) & (iii). This is for all assesses other than those with business income.

OBJECTIVE:- is to encourage research (social/science/statistical) by such institution. Therefore, both (person who pays & institution who receives are provided this benefit under respective sections)

APPLICATION:- The application for approval under section 35 1 (ii) / 35 1 (iii) of IT Act 1961 may be submitted to the CIT/ DIT- IT of the jurisdiction of the assessee association along with following information in prescribed form.

  1. List of assets / facilities owned used for scientific research / Social science research by the applicant,
  2. Details of past research projects undertaken by the applicant, such as research projects completed/ underway/ any publication of research projects,
  3. Past research activities such as whether any new product/process developed, approved, any product of import substitution,
  4. Patents filed and details of the filing,
  5. Whether any commercialization carried out of any such product/ process,
  6. Earnings from such patents etc
  7. Details of conferences/ seminars etc. held
  8. Proposed research project to be undertaken,
  9. List of the donors and amount received as donations,
  10. Amount utilized in such research activities,

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