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of <h1>Vastu-Shilpa Foundation Approved for Tax Benefits Under Section 35(1)(ii) for Scientific Research Funding</h1> The Vastu-Shilpa Foundation for Studies and Research in Environmental Design, Ahmedabad, 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 is valid from July 7, 1984, to June 30, 1986. The Foundation must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and 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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