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of <h1>Krishnamurti Foundation India approved for scientific research under Section 35(1)(ii) of Income-tax Act, 1961.</h1> The Krishnamurti Foundation India, located in Madras, has been approved by the Department of Scientific and Industrial Research under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval is valid from July 1, 1985, to March 31, 1987. The foundation must maintain separate accounts for scientific research funds, submit annual returns of research activities, provide audited financial accounts and balance sheets by June 30 each year, and apply for approval extension three months before expiry. Failure to apply on time may result in rejection of the extension request.
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