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<h1>Development Alternatives approved under Section 35(1)(ii) of Income-tax Act for scientific research; must maintain separate accounts.</h1> Development Alternatives, New Delhi, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Scientific and Industrial Research for scientific research purposes. The approval, effective from April 1, 1988, to March 31, 1989, requires the institution to maintain separate accounts for funds received for research, submit annual returns and audited accounts to the prescribed authority and relevant tax bodies, and apply for approval extension before expiration. Failure to apply on time may result in rejection.