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of <h1>Child's Trust Medical Research Foundation Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Child's Trust Medical Research Foundation, located in Madras, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval, effective from April 1, 1989, to March 31, 1990, requires the organization to maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited financial accounts by June 30 each year. Additionally, the foundation must apply for approval extension three months before expiration, submitting applications to the relevant tax authorities and the Department of Scientific and Industrial Research.
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