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<h1>Ganesh Scientific Research Foundation approved for tax benefits under Section 35(1)(ii) for research purposes in 1988.</h1> The Ganesh Scientific Research Foundation has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval is valid from January 1, 1988, to March 31, 1988. The foundation must maintain separate accounts for research funds, submit annual returns of research activities by May 31, and provide audited financial statements by June 30 each year. Additionally, they must apply for approval extension three months before expiration. Late applications may be rejected.