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of <h1>INYS Medical Research Society approved under Income-tax Act, Section 35(1)(ii), with conditions on reporting and account maintenance.</h1> The INYS Medical Research Society in Bangalore has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1985, to March 31, 1988. The approval requires the institution to maintain separate accounts for scientific research funds, submit annual returns of research activities by April 30, and provide audited financial statements by June 30 each year. Additionally, the institution must apply for approval extension three months before expiry to avoid rejection.
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