Tax Benefits

TIFR has been approved by the Central Government under section 35 (1)(ii) of the Income-tax Act, 1961 with effect from 1-4-2006 in the category of 'scientific research association’.(Notification no. 55/2008 [SO 881] [F. No. 203/123/2007/ITA-II], dated 10-4-2008. Hence,

  1. Contributions made towards scientific research to the TIFR are exempted under Section 35(1)(ii) of the Income Tax Act, 1961. https://www.incometaxindia.gov.in/Pages/utilities/Notified-Scientific-Research.aspx

  2. Contributors in India can avail 100% tax exemption under Section 80G (2) (a) (iiif) of the Income Tax Act, 1961

  3. Corporate may avail the provisions of Corporate Social Responsibility (CSR Rules, 2014) https://www.indiafilings.com/learn/corporate-social-responsibility-companies-act/