Research institution approval under tax law requires separate research accounts, annual returns and audited submissions before deadlines. Nalanda Dance Research Centre, Bombay, is approved as an approved research institution in the area of other natural and applied sciences for a stated fiscal period, subject to maintaining separate accounts for research funds, filing prescribed annual returns of research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June, and applying for extension of approval at least three months before expiry, with late applications liable to rejection.
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Research institution approval under tax law requires separate research accounts, annual returns and audited submissions before deadlines.
Nalanda Dance Research Centre, Bombay, is approved as an approved research institution in the area of other natural and applied sciences for a stated fiscal period, subject to maintaining separate accounts for research funds, filing prescribed annual returns of research activities by 30 April, submitting audited annual accounts and balance-sheet to the prescribed authority and the Commissioner of Income-tax by 30 June, and applying for extension of approval at least three months before expiry, with late applications liable to rejection.
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