The Principal Chief Commissioner of Income Tax (Exemptions), has approved Mazumdar Shaw Medical Foundation, Bangalore, for ‘Scientific Research’ under section 35(1)(iia) read with rule 5F of Income Tax, for a period of five years, starting from the AY 2025-26. It will enable the foundation to receive certain benefits, related to its scientific research activities.
(Link: Income Tax PCCI (Exemptions) Notification 02/2025 Dated 17/10/2025)