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of <h1>Gandhian Institute approved for tax benefits under Income-tax Act, Sec 35(1)(iii), valid April 1988-March 1989.</h1> The Gandhian Institute of Studies in Varanasi has been approved by the Department of Scientific and Industrial Research under section 35(1)(iii) of the Income-tax Act, 1961. This approval is valid from April 1, 1988, to March 31, 1989. The Institute must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities, and provide audited accounts and balance sheets by specified dates each year. Additionally, the Institute must apply for approval extension before the current approval expires, as late applications may be rejected.
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