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of <h1>Centre for Development of Telematics Gains Approval Under Section 35(1)(ii) for Tax Benefits, Must Meet Reporting Obligations.</h1> The Centre for Development of Telematics in New Delhi has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research. The approval is valid from April 1, 1987, to March 31, 1988. The institution must maintain separate accounts for scientific research funds, submit annual returns of its research activities by May 31, and provide audited accounts and balance sheets by June 30 each year to the prescribed authority and the Central Board of Direct Taxes. Applications for approval extension must be submitted three months prior to expiry.
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