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of <h1>Gujarat Research Society Approved Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding</h1> The Gujarat Research Society, Bombay, has been approved as an institution under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research, New Delhi. This approval, effective from December 27, 1983, to December 31, 1986, requires the institution to maintain separate accounts for scientific research funds, submit annual returns of its research activities by April 30 each year, and provide audited accounts and balance sheets to the prescribed authority and the Commissioner of Income-tax by June 30 each year. Additionally, the institution must apply for approval renewal three months before expiration.
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