Approved Institution India Foundation for Development, Manipal u/s 35(1)(iii) - S.O.1830 - Income Tax

Approval under section 35(1)(iii) requires institutions to keep separate research accounts and submit annual audited returns.

Approval is granted to India Foundation for Development, Manipal, as an institution under clause (iii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate accounts for scientific research; furnish annual research returns to the prescribed authority by 31 May; and submit audited annual accounts and balance sheet by 30 June each year to the prescribed authority, the central tax board and the concerned Commissioner. The notification specifies the institution's address and the effective approval period.