Research Institute of Graphic Arts Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act 1961
The Research Institute of Graphic Arts, located in New Delhi, has been approved by the Department of Science and Technology for the purposes of section 35(1)(ii) of the Income-tax Act, 1961. This approval allows the institution to be recognized under the category of "Association" in the field of natural and applied sciences. The approval is subject to conditions including maintaining separate accounts for scientific research funds, submitting annual returns of research activities by April 30th each year, and providing audited financial statements by June 30th annually. This notification is valid from March 12, 1984, to March 31, 1987.
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