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of <h1>Nuclear Medicine Society in India Gains Approval for Scientific Research Under Section 35(1)(ii) of Income-tax Act</h1> The Society of Nuclear Medicine, India, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval requires the Society to maintain separate accounts for research funds, submit annual scientific research activity returns by May 31, and provide audited financial statements by June 30 each year to the prescribed authorities, including the Central Board of Direct Taxes. The Society must apply for approval extension before expiry, and this notification is valid from April 1, 1988, to March 31, 1989.
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