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of <h1>Institute of Rural Management Approved for Tax Benefits under Section 35(1)(iii) for Scientific Research Funding Compliance</h1> The Institute of Rural Management in Anand, Gujarat, has been approved under section 35(1)(iii) of the Income-tax Act, 1961, as notified by the Department of Science and Technology. This approval is valid from June 16, 1985, to June 30, 1988. The institute 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 by June 30 to the prescribed authority and the Commissioner of Income-tax. Applications for approval extension must be submitted three months before the current approval expires.
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