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<h1>I.N.Y.S. Medical Research Society approved under Section 35(1)(ii) for scientific research; must follow strict compliance guidelines.</h1> The I. N. Y. S. Medical Research Society in Bangalore has been approved under section 35(1)(ii) of the Income-tax Act, 1961, as an institution for scientific research. This 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 annual accounts by June 30 to relevant authorities. Additionally, the organization must apply for approval extension three months before expiry, submitting applications to the Director-General of Income-tax Exemptions and the Department of Scientific and Industrial Research.