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of <h1>N. M. Wadia Charitable Hospital Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> The N. M. Wadia Charitable Hospital in Solapur has been approved by the Department of Scientific and Industrial Research for scientific research purposes under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from July 1, 1986, to June 30, 1987, requires the hospital to 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, the hospital must apply for approval extension three months before expiry, with late applications subject to rejection.
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