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of <h1>M. S. Swaminathan Research Foundation Approved as Scientific Institution Under Section 35(1)(ii) of Income-tax Act 1961</h1> The M. S. Swaminathan Research Foundation in Madras has been approved under section 35(1)(ii) of the Income-tax Act, 1961, as a scientific research institution. This approval, effective from March 23, 1989, to March 31, 1990, requires the organization to maintain separate accounts for research funds, submit annual research activity reports by May 31, and provide audited financial accounts by June 30 each year. For extension of approval, applications must be submitted three months prior to expiration. The organization must comply with reporting to the Director-General of Income-tax Exemptions and the Department of Scientific and Industrial Research.
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