Finance & Accounts

IT Exemptions available for Donors

    "Indian Institute of Science Education and Research Bhopal" is an Institute of national importance established by the Ministry of Education, Government of India under NIT (Amendment) Act 2012 for imparting Science Education and carrying out Research. The Act was further amended in 2014, entitled the NITSER Act. 2014. The objective of Institute is to promote quality education and research in frontier areas of Pure and Applied Sciences. Its mission is not only to provide high quality science education but also to promote research in basic sciences. IISER is on a high growth trajectory today, offering excellent academic programmes in the field of science education. The prime focus of the Institute is to integrate science education and research with a motive of attracting bright students and world class faculty. The Institute intends to emerge as a hub of research and development activities in science and application of scientific methods.

    The Institute is purely a non-profit making Central Government Autonomous Body and is wholly (100%) funded by the Ministry of Education, Government of India by way of Grant-in-Aid for meeting Recurring and Capital Expenditure. The annual audit of the Institute is being conducted by the C&AG of India as per the provisions of NITSER Act 2014 and GFR 2017.

    The income of the Institute is exempted from Income Tax u/s 10 (23C) (iiiab) of Income Tax Act 1961.

    Being an Educational Institute of National eminence, all the donations given to IISER Bhopal are qualified for exemption u/s 80 (G) of Income Tax Act 1961 as notified by the Chief Commissioner of IT (Exemptions) Delhi vide Notification No. CCIT (E)/Order u/s 80 G (2) (a) (iiif) /2016-17/1481 dated 08/08/2016. Therefore, the exemption of 100% of the amount donated to the Institute for supporting any activity of the Institute is available for all the donors whether an individual or any organization (without any qualifying limit) u/s 80 (G) of IT Act 1961. Notifications for 80G Certificate

    Being a Scientific Research Institute of National eminence IISER Bhopal is also notified as an approved Institution under Section 35 (1) (ii) of Income Tax Act 1961 vide Gazette Notification no. 18/2019 dated 13/03/2019 issued by Central Board of Direct Taxes, Ministry of Finance, GoI. Under this the exemption of 100% of the amount donated to Institute is available for all donors/ assessees except those who have any income (or loss) from a business and/or a profession. Whereas The assessees (individuals/ firms /companies etc.) having any income from business or profession can claim the deduction u/s 35 of IT Act as an expenditure in respect of any contribution made / amount donated by them to IISER Bhopal for scientific research. Under this section deduction shall be allowed to the extent of 150% (or as applicable) of the actual expenditure. Notifications for Section 35 / 80GGA Exemption