Hexamar Agricultural Foundation approved for scientific research under section 35(1)(ii) of Income-tax Act, 1961.

The Hexamar Agricultural Research and Development Foundation in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Science and Technology for scientific research purposes. The approval is valid from December 26, 1982, to December 31, 1985. The foundation must maintain separate accounts for research funds and submit annual returns of its research activities by April 30 each year. Additionally, it must provide audited annual accounts and balance sheets to the prescribed authority and the Commissioner of Income-tax by June 30 annually.

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