Social science income tax exemption

The Government of India has approved the Auroville Foundation as ‘Other Institution’ for Research in Social Science or Statistical Research for the purposes of clause (iii) of sub-section (1) of section 35 of the Income Tax Act, 1961. This section of the Income Tax act allows donors to deduct the full amount of their donation to the Auroville Foundation from their taxable income. The notification is valid from the financial years 2024-25 to 2029-2030. To obtain the approval, around 45 Social Science and Statistical Research documents in compliance with CBDT’s strict parameters and conditions were submitted to the office of the Auroville Foundation. The office stated that it is important that each unit, activity, and project, does research in the areas of social science or statistics to continue the exemption in future.