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of <h1>Indian Institute of Psychometry Approved for Tax Benefits Under Section 35(1)(iii) for 1988-1989 with Specific Conditions</h1> The Indian Institute of Psychometry in Calcutta has been approved under section 35(1)(iii) of the Income-tax Act, 1961, for a specified period from April 1, 1988, to March 31, 1989. This approval by the Department of Scientific and Industrial Research, New Delhi, requires the Institute to maintain separate accounts for funds received for scientific research, submit annual returns of research activities by May 31, and provide audited financial statements by June 30 each year. The Institute must also apply for extension of approval before its expiration to avoid rejection.
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