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of <h1>Scientific Research Society Gains Tax Approval Under Section 35(1)(iii) for 1988-1989; Compliance Deadlines Set</h1> The Twenty First Century India Society, Chandigarh, has been approved by the Department of Scientific and Industrial Research for the purposes of section 35(1)(iii) of the Income-tax Act, 1961. The approval is effective from April 1, 1988, to March 31, 1989. The institution must maintain separate accounts for scientific research funds, submit annual returns of research activities by May 31 each year, and provide audited annual accounts and balance sheets by June 30 each year to the prescribed authorities. It must also apply for approval extension before the current approval expires, or risk rejection.
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