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of <h1>National Council of Science Museum gains tax approval under Section 35(1)(ii) until 1989, must maintain separate accounts.</h1> The National Council of Science Museum in Calcutta has been approved by the Department of Scientific and Industrial Research under section 35(1)(ii) of the Income-tax Act, 1961. This approval is valid from April 1, 1986, to March 31, 1989. The institution must maintain separate accounts for funds received for scientific research, submit annual returns and audited accounts to the prescribed authority and the Commissioner of Income-tax, and apply to the Central Board of Direct Taxes for approval extension three months before the current approval expires.
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