Research institution approval under income tax law requires separate research accounts and annual audited returns and filings. Approval under section 35(1)(iii) is granted to Anna Institute of Management, Madras as an Institution for the period 1 April 1988 to 31 March 1989, subject to maintaining separate research accounts, filing annual returns of scientific research by 31 May, submitting audited accounts and balance-sheet with copies to tax authorities by 30 June, and applying for extension before approval expiry.
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Research institution approval under income tax law requires separate research accounts and annual audited returns and filings.
Approval under section 35(1)(iii) is granted to Anna Institute of Management, Madras as an Institution for the period 1 April 1988 to 31 March 1989, subject to maintaining separate research accounts, filing annual returns of scientific research by 31 May, submitting audited accounts and balance-sheet with copies to tax authorities by 30 June, and applying for extension before approval expiry.
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