Research association approval requires separate research accounts, annual returns, audited accounts and timely reapplication. Approval is granted to the Lady Anusuya Singhania Medical Research Society as an Approved Association for tax recognition under the research expenditure provision, subject to conditions: maintain separate research accounts; file annual research activity returns by 31st May; submit audited annual accounts, income-expenditure statement and balance-sheet to the prescribed authority, central tax administration and income-tax commissioner by 30th June; and apply for extension of approval at least three months before expiry, with late applications liable to rejection.
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Research association approval requires separate research accounts, annual returns, audited accounts and timely reapplication.
Approval is granted to the Lady Anusuya Singhania Medical Research Society as an Approved Association for tax recognition under the research expenditure provision, subject to conditions: maintain separate research accounts; file annual research activity returns by 31st May; submit audited annual accounts, income-expenditure statement and balance-sheet to the prescribed authority, central tax administration and income-tax commissioner by 30th June; and apply for extension of approval at least three months before expiry, with late applications liable to rejection.
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