Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Diabetes Research Centre Gains Approval Under Section 35(1)(ii) of Income-tax Act; Must Maintain Accounts and Submit Reports</h1> The Diabetes Research Centre in Madras has been approved by the Department of Scientific and Industrial Research for the purposes of section 35(1)(ii) of the Income-tax Act, 1961. This approval is effective from April 1, 1986, to March 31, 1987. The Centre must maintain separate accounts for research funds, submit annual research activity returns by April 30, and provide audited financial statements by June 30 each year. Additionally, it must apply for approval extension from the Central Board of Direct Taxes three months before the current approval expires. Failure to apply on time may result in rejection.