CBDT Grants Section 35 Approval to IQRAA Hospital for Scientific Research Contributions

The CBDT (Central Board of Direct Taxes) has granted approval to "IQRAA International Hospital And Research Centre" for "scientific research contributions" under Section 35(1)(ii) of the Income Tax Act. This approval, effective for five assessment years from AY 2026-27 to AY 2030-31, allows for tax deductions on contributions made to the hospital for scientific research purposes. This initiative encourages funding for medical and scientific research, benefiting both the research institution and the donors through tax incentives.