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of <h1>Asthma Bronchitis Cancer Lung Foundation Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Asthma Bronchitis Cancer Lung Foundation in New Delhi 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 foundation to maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited accounts by June 30 each year to relevant authorities. Additionally, the foundation must apply for an extension of approval three months before expiration, submitting applications to both the Director-General (Income-tax Exemptions) and the Department of Scientific and Industrial Research.
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