Research institution approval requires separate research accounts, annual returns, audited accounts and timely renewal to maintain compliance. Approval of World Wide Fund for Nature, India as an Institution under Section 35(1)(ii) is conditional on maintaining a separate account for scientific research receipts, furnishing annual returns of scientific research activities by 31st May, and submitting audited annual accounts with income and expenditure statements and a balance-sheet to the prescribed authority by 30th June, with copies to the Central Board of Direct Taxes, DGIT (Exemption) and the concerned Commissioner of Income-tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research institution approval requires separate research accounts, annual returns, audited accounts and timely renewal to maintain compliance.
Approval of World Wide Fund for Nature, India as an Institution under Section 35(1)(ii) is conditional on maintaining a separate account for scientific research receipts, furnishing annual returns of scientific research activities by 31st May, and submitting audited annual accounts with income and expenditure statements and a balance-sheet to the prescribed authority by 30th June, with copies to the Central Board of Direct Taxes, DGIT (Exemption) and the concerned Commissioner of Income-tax.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
