Approval under section 35(1)(ii) requires separate research accounts, annual research returns, audited accounts, and timely renewal application. Forbes Research Centre, New Delhi, is approved under section 35(1)(ii) as an 'Association' subject to conditions: maintain separate research accounts; furnish annual research returns by 30 April to the prescribed authority; submit audited annual accounts and balance-sheet with copies to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval expiry, with late applications at risk of rejection. The notification states the Institution's address and the effective approval period.
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Approval under section 35(1)(ii) requires separate research accounts, annual research returns, audited accounts, and timely renewal application.
Forbes Research Centre, New Delhi, is approved under section 35(1)(ii) as an "Association" subject to conditions: maintain separate research accounts; furnish annual research returns by 30 April to the prescribed authority; submit audited annual accounts and balance-sheet with copies to the prescribed authority and the Commissioner of Income-tax by 30 June; and apply for extension three months before approval expiry, with late applications at risk of rejection. The notification states the Institution's address and the effective approval period.
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