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of <h1>Pune Medical Research Society Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Pune Medical Research Society, Pune, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, as an 'Association' for scientific research. The approval is valid from April 1, 1988, to March 31, 1989. The society must 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 and the Central Board of Direct Taxes. Renewal applications must be submitted before approval expires to avoid rejection.
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