Approved Institution Bala Mandir Research Foundation, Madras u/s 35(1)(ii) - S.O.2213 - Income Tax

Approval under income tax research provision: institution must keep separate research accounts, file annual returns and seek timely renewal.

Approval under the income tax provision for scientific research recognises Bala Mandir Research Foundation, Madras, as an approved association subject to compliance: maintain separate research accounts; file annual scientific research returns by 31 May; submit audited accounts, income and expenditure statement and balance sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and apply for approval extension at least three months before expiry to avoid rejection.