Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Research Center's Perpetual Approval Under Section 35(1)(ii) Changed to Time-Bound, Expires March 31, 1988</h1> The perpetual approval granted to a research center in Madras under section 35(1)(ii) of the Income-tax Act, 1961, has been converted to a time-bound approval valid until March 31, 1988. The research center must adhere to specific conditions, including maintaining separate accounts for scientific research funds, submitting annual returns of research activities by May 31 each year, providing audited annual accounts and balance sheets by June 30 each year, and applying for approval extension three months before expiration. Late applications for extension may be rejected.