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of <h1>Indian School of Political Economy Approved for Scientific Research Funding Under Section 35(1)(iii) of Income-tax Act, 1961</h1> The Indian School of Political Economy, Pune, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(iii) of the Income-tax Act, 1961. This approval is effective from April 1, 1988, to March 31, 1989. The institution must maintain a separate account for funds received for scientific research, submit annual returns of its research activities by May 31 each year, and provide audited annual accounts by June 30 each year to the prescribed authority and other relevant tax authorities. The institution must also apply for an extension before the approval expires.
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