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of <h1>Institute of India Foundrymen Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Institute of India Foundrymen, Calcutta, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(ii) of the Income-tax Act, 1961. The approval is subject to conditions including maintaining separate accounts for scientific research funds, submitting annual scientific research activity returns by May 31, and providing audited annual accounts by June 30. The institute must also apply for approval extension before expiry. This notification is effective from April 1, 1988, to March 31, 1989.
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