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of <h1>NIMHANS Bangalore receives tax exemption under Section 35(1)(ii) for scientific research, effective from 2012-2013.</h1> The Central Government has approved the National Institute of Mental Health and Neuro Science (NIMHANS), Bangalore, for exemption under section 35(1)(ii) of the Income-tax Act, 1961, effective from 2012-2013. This approval allows NIMHANS to receive funds for scientific research, provided they adhere to specific conditions, including utilizing funds for research, maintaining separate accounts, and submitting audited reports. Failure to comply with these conditions, such as not maintaining separate accounts or ceasing genuine research activities, may result in withdrawal of the approval.
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