Tax approval for scientific research granted, subject to separate research accounts, annual returns, audited accounts, and timely renewal application. The Foundation for Medical Research, Worli, Bombay is approved as an Institution for tax purposes relating to scientific research, effective 1-4-1986 to 31-3-1990, subject to conditions: maintain separate accounts for research funds; file annual returns of research activities by 31 May; submit audited accounts, income and expenditure statement and balance-sheet to the prescribed authority, the tax board and the Commissioner by 30 June; and apply for extension of approval at least three months before expiry.