Nutrition Foundation of India Gains Approval Under Section 35(1)(ii) for Research Funding; Compliance Required for Extension.
The Nutrition Foundation of India, New Delhi, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research. This approval, effective from April 1, 1987, to March 31, 1990, requires the foundation to maintain separate accounts for scientific research funds, submit annual returns of its research activities by May 31 each year, and provide audited annual accounts by June 30 each year. Additionally, the foundation must apply for approval extension three months before expiry. Non-compliance with these conditions may result in rejection of extension applications.
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