CBDT Notifies Shri Chaitanya Health and Care Trust for Scientific Research Under Section 35(1)(ii)

The Central Board of Direct Taxes (CBDT) has notified Shri Chaitanya Health and Care Trust under Section 35(1)(ii) for scientific research. This notification recognizes the trust’s efforts in conducting research related to healthcare, enabling it to receive tax deductions for contributions made toward its research activities. Section 35(1)(ii) provides for deductions for donations made to institutions conducting scientific research. The inclusion of Shri Chaitanya Health and Care Trust under this provision will encourage donations and support its ongoing research initiatives. It highlights the government’s push to incentivize private and public sector involvement in scientific research and development within the healthcare sector.