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<h1>Karnataka Institute of Applied Agricultural Research Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act</h1> The Karnataka Institute of Applied Agricultural Research, located in Sameerwadi, Bijapur, Karnataka, has been approved by the Department of Science & Technology under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from September 10, 1985, to March 31, 1987. The institution must maintain separate accounts for scientific research funds, submit annual returns of its activities by April 30, and provide audited accounts and balance sheets by June 30 each year. Additionally, it must apply for approval extension three months before expiration to the Central Board of Direct Taxes, with late applications subject to rejection.