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of <h1>Maharashtra Science Association Gains Approval Under Section 35(1)(ii) of Income-tax Act for Research Funding Compliance</h1> The Maharashtra Association for the Cultivation of Science, Pune, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Science and Technology, New Delhi. This approval, effective from March 6, 1984, to March 5, 1987, requires the association to maintain separate accounts for scientific research funds, submit annual returns of research activities by April 30, and provide audited annual accounts and balance sheets to the prescribed authority and the Commissioner of Income-tax by June 30 each year.
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