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of <h1>Karnataka Regional Engineering College Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Karnataka Regional Engineering College, Surathkal, Srinivasnagar, has been approved by the Department of Science and Technology, New Delhi, as an institution under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval is effective from February 27, 1984, to March 31, 1987. The college must maintain separate accounts for research funds, submit annual returns of its research activities by April 30, and provide audited financial statements by June 30 each year to the prescribed authority and the concerned Commissioner of Income-tax.
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