Rule 287 treats a university, educational institution, hospital or other institution as substantially financed by the Government for a tax year if the Government grant for that year exceeds 50% of its total receipts, including donations.
287
Rules 2026 · Rule 287
Percentage of Government grant for considering any University, hospital, or any other institution, as substantially financed by the Government for purposes of Schedule VII [Table: Sl. Nos. 17 and 18] to Act
Rules 261-310
The rule. For Schedule VII [Table: Sl. Nos. 17 and 18], an institution is considered substantially financed by the Government for a tax year if the Government grant for that year exceeds 50% of its total receipts including any donations during that year.