Income tax department extended tax deduction on patanjali Research trust for five years

Patanjali Research

Patanjali Research

The income tax department extended tax deductions for five years on the Patanjali research trust. The Patanjali group, which is the fastest-growing company producing consumer goods and products in the country. They sell herbal products which help in boosting immunity and tooth cleaners, toothpaste, and detergent. 

Baba Ramdev's Twitter as a platform and announced that Patanjali will be bigger than all multinational Unilever by 2025. He also said that it will be one of the fastest-growing companies and it will be the biggest natural and medicine-based company. On July 12, the central board of Directors' taxes notification said that Patanjali Research foundation trust is under the category of research association for scientific research for the purpose of clauses of Section 35 of the Income Tax Act 1961 read with rules 5C and 5D  if income tax rules, 1962. 

Patanjali has to ensure a research activity that they should maintain accounts and they have to submit the accounts to the income tax department. Any business company which pays an amount to the Research Foundation for the purpose of scientific research. They will be eligible for the deduction from business income to claim the same expense. 



IPL 2021 Final

IPL 2021 Finals, to be played between CSK and KKR, know the venue, predicted XI, and weather

The 2021 IPL Finals will see MS Dhoni’s Chennai Super Kings and Eoin Morgan Kolkata Knight Riders in the power-packed, high octane grand finale...

T20 World Cup

Indians to face Australians in warm up matches of the T20 World Cup

India is going to take along England and Australia during the two warm up games, and will be further gearing up for the upcoming T20 World Cup matches...

States & UTs

Delhi Government

NCPCR Sends Notice to Delhi Government

The National Commission for Protection of Child Rights (NCPCR|) has pulled up the Delhi authorities over a promotional video. A criticism on this rega...

Singhu protest

At Singhu protest site, dead man with wrist cut off found tied to barricade

The frame of an unidentified guy with one in every of his wrists chopped off turned into discovered close to the farmers’ protest web website on...


PM Modi

The center's 7 new defense companies will become one giant military base: PM Modi

Prime Minister Narendra Modi on Thursday launched seven new companies that will enter the defense se...

Akhilesh Yadav (Samjwadi Vijay Yatra)

Akhilesh Yadav Sounds Like A Bugle For Polls In Uttar Pradesh, Launches "Samjwadi Vijay Yatra" Across The Country

Samajwadi Party spokesman Rajendra Chaudhary said that after exiting Ganga Bridge, the yatra will ta...


Sardar Udham Movie (Pic Credit: Amazon Prime Video)

Vicky Kaushal Film is recreates Horrors of Jallianwala Bagh Massacre.(Sardar Udham Movie Review)

Sardar Udham is an exclusive recreation altogether from the movies Shoojt Sircar has directed so far...

Aryan Khan,Gauri Khan & SRK

Aryan Khan had video call with Gauri Khan & SRK and received money order of Rs4500

Aryan Khan received a money  order for Rs 4,500 to order food and other items from the Arthur R...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.