Approved Institution Birla Institute of Medical Research, Gwalior u/s 35 (1)(ii) - S.O.1458 - Income Tax

Research institution approval requires maintaining separate research accounts and annual audited reporting to authorities and furnishing prescribed returns.

Approval under section 35(1)(ii) designates Birla Institute of Medical Research, Gwalior as an approved 'Association' for research-related tax purposes subject to specified conditions: maintain separate accounts for research receipts; furnish annual scientific research returns to the prescribed authority in prescribed forms by the annual deadline; and submit audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority with copies to the concerned Commissioner of Income-tax by the annual deadline.