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>Lions Cancer Research Centre gains tax benefits under Section 35(1)(ii) of Income-tax Act, 1961, with strict compliance requirements.</h1> The Lions Cancer Research Centre in Gujarat has been approved by the Department of Scientific and Industrial Research for tax benefits under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from April 1, 1987, to March 31, 1990, requires the Centre to maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited financial statements by June 30 each year to the prescribed authority, the Central Board of Direct Taxes, and the relevant Commissioner of Income-tax. Additionally, the Centre must apply for approval renewal three months before expiration.