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of <h1>Bhausaheb Sardesai Memorial Research Foundation Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Bhausaheb Sardesai Memorial Research Foundation, associated with Telegaon General Hospital in Pune, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval, effective from April 1, 1988, to March 31, 1989, mandates the foundation to maintain separate accounts for research funds, submit annual returns of research activities by May 31, and provide audited annual accounts by June 30 to relevant tax authorities. The foundation must apply for approval extension before expiry, with late applications subject to rejection.
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