CBDT Grants Approval to IIIT Hyderabad for Scientific Research Under Income Tax Act

The Central Board of Direct Taxes (CBDT) has granted approval to IIIT Hyderabad for conducting scientific research under section 35(1)(ii) of the Income Tax Act. This approval enables IIIT Hyderabad to receive donations for scientific research and enjoy tax benefits. Donations made to the institute will now qualify for a 175% deduction under the Income Tax Act. The approval will benefit the institute in terms of funding for its research initiatives. This step aligns with the government’s broader push to encourage scientific research and innovation in educational institutions.