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of <h1>Bhausaheb Sardesai Memorial Research Foundation Approved for Scientific Research under Section 35(1)(ii) of Income-tax Act 1961</h1> The Bhausaheb Sardesai Memorial Research Foundation in Pune has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 1, 1989, to March 31, 1990, requires the organization to maintain separate accounts for research funds, submit annual returns of research activities by May 31 each year, and provide audited annual accounts by June 30. The foundation must apply for approval extension three months before expiration, submitting necessary documentation to relevant authorities.
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