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of <h1>Bhaskaracharya Pratishthana Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Bhaskaracharya Pratishthana in Poona has been approved by the Department of Science & Technology, New Delhi, as an institution under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research in natural and applied sciences. This approval is effective from September 24, 1983, to March 31, 1986. The institution must maintain a separate account for research funds, submit annual returns of its research activities by April 30 each year, and provide audited annual accounts and balance sheets by June 30 to the prescribed authority and the concerned Commissioner of Income-tax.
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