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<h1>Indian Council for Research on International Economic Relations approved for scientific research under Section 35(1)(iii) of Income-tax Act 1961.</h1> The Indian Council for Research on International Economic Relations, New Delhi, is approved under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. The approval, effective from April 1, 1988, to March 31, 1989, requires the institution to maintain separate accounts for research funds, submit annual returns of research activities by May 31, and provide audited annual accounts by June 30 each year to the prescribed authority and relevant tax bodies. Additionally, the institution must apply for approval renewal before expiry, as late applications may be rejected.