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of <h1>Shri Sohanlal Jain Vidya Prasarak Samiti Gains Approval Under Section 35(1)(iii) of Income-tax Act, 1961</h1> The Shri Sohanlal Jain Vidya Prasarak Samiti in Faridabad has been approved by the Department of Scientific and Industrial Research under section 35(1)(iii) of the Income-tax Act, 1961, effective from April 1, 1988, to March 31, 1989. The institution must maintain separate accounts for scientific research funds, submit annual returns of its research activities by May 31, and provide audited financial statements by June 30 each year to relevant authorities. The institution must also apply for approval extension before the current approval expires, as late applications may be rejected.
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