Income Tax Approval for Indian Rubber Materials Research Institute
- Document
- Notification Notification No. 43/2026
- Effective
- Assessment years 2026-27 to 2030-31
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification 43/2026 confirms that the Indian Rubber Materials Research Institute is now an approved research association for Income Tax purposes. This status allows the institute to receive donations that qualify for tax deductions under the Income-tax Act.
What has changed
How it worked before
Previously, the institute did not hold this specific government approval for scientific research under section 35(1)(ii), which covers tax-deductible research donations. Donors contributing to the institute could not claim these specific tax benefits on their annual tax filings.
What has changed
The government has officially recognized the institute as a research association under section 35(1)(ii) of the Income-tax Act, which governs tax-deductible research funding. This approval is valid for the assessment years 2026-27 through 2030-31, meaning donors can claim tax breaks for their contributions during this period.
Who this affects
This affects the Indian Rubber Materials Research Institute and individuals or businesses who donate money to the institute for scientific research.
What you should do
The institute must file Form 10BD, a statement of donations received, by May 31st of each year. They must also issue Form 10BE, a certificate of donation, to every donor so those donors can claim their tax deductions.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 43/2026 |
| Full title | Notification No. 43/2026 |
| Effective | Assessment years 2026-27 to 2030-31 |
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