VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Calculators Blog Handle my notice
Case law › Notifications › 2001 › Notification No. 540-
Notification 1 March 2001

Notification No. 540-

Notification of a person, body or fund under section 35 of the Income-tax Act, 1961

What this is

Notification No. 540- was published on 1 March 2001. Its subject is Notification of a person, body or fund under section 35 of the Income-tax Act, 1961.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.35s.45, s.66

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

It is hereby notified for general information that the organisations mentioned below have been approved by the Central Government for the period mentioned against their names, for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category "institution" subject to the following conditions :

(i) The notified institution shall maintain separate books of account for its research activities ;

(ii) The notified institution shall furnish the annual return of its scientific research activities to the Secretary, Department of Scientific and Industrial Research, "Technology Bhawan", New Mehrauli Road, New Delhi-110 016 for every financial year on or before 31st May of each year ;

(iii) The notified institution shall submit, on behalf of the Central Government, to (a) the Director-General of Income-tax (Exemptions), 10, Middleton Row, 5th Floor, Calcutta-700 071 ; (b) the Secretary, Department of Scientific and Industrial Research ; and (c) the Commissioner of Income-tax/Director of Income-tax (Exemptions), having jurisdiction over the Organisation, on or before 31st October, each year, a copy of its audited annual accounts and also a copy of the audited income and expenditure account in respect of its research activities for which exemption was granted under sub-section (1) of section 35 of the Income-tax Act, 1961, in addition to the return of income-tax to the designated Assessing Officer. ------- Sl. Name of the Organisation approved Period for which No. notification is effective ------

1. International Board of Yoga, Yoga Bhawan, Prabhat 1-4-1999 to 31-3-2001 Colony, Santacruz (East), Mumbai 4OO 055. (F. No. 203/1/2001-ITA-II)

2. Asian Centre for Organisation Research Development, 1-4-1999 to 31-3-2000 126, Greater Kailash-I, New Delhi. (F. No. 203/1/2001-ITA-II)

3. The Institute of Company Secretaries of India, 'ICSI 1-4-2000 to 31-3-2003 House', 22, Institutional Area, Lodhi Road, New- Delhi-110 003. (F. No. 203/1/2001-ITA-II)

4. Indian institute of Marwari Enterpreneurship, 1, 1-4-1999 to 31-3-2000 Mahatma Gandhi Marg, jhalana Institutional Area, Jaipur. (F. No. 203/1/2001-ITA-II)

5. Indian Institute of Marwari Enterpreneurship, 1, 1-4-2000 to 31-3-2003 Mahatma Gandhi Marg, Jhalana Institutional Area, Jaipur. (F. No. 203/1/2001-ITA-II)

6. Jain Vishva Bharati, Ladnum, Rajasthan, Post Box No. 1-4-2000 to 31-3-2003 8, Ladnum Distt., Nagpur-341 306. (F. No. 203/1/2001-ITA-II)

7. Kripa Foundation, C/o. Mt. Carmel Church, 81/A, 22-6-2000 to 31-3-2002 Chapal Road, Bandra, Mumbai-50. (F. No. 203/11/2001-ITA-II) ------

[Notification No. 48/F. No. 203/1/2001 and 203/11/2001/ITA-II]

What it names

Rules it names. Rule 6 of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 54-  ·  Notification No. 539- →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.