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<h1>Research Society Gains Tax Approval for 1987-1990; Must Fulfill Reporting Requirements Under Section 35(1)(ii) of Income-tax Act.</h1> The Society for Research on Haematology and Blood Transfusion in Calcutta has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from April 1, 1987, to March 31, 1990, requires the Society to maintain separate accounts for scientific research funds, submit annual returns of research activities by May 31, and provide audited accounts and balance sheets by June 30 each year. The Society must also apply for approval extension three months before expiry. Failure to comply may result in rejection of extension applications.