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of <h1>Hyderabad Science Society Gains Approval Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding</h1> The Hyderabad Science Society, Mehdipatnam, Hyderabad, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Director-General (Income-tax Exemptions) and the Secretary, Department of Scientific and Industrial Research. The approval, effective from April 1, 1989, to March 31, 1990, requires the organization to maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 each year. For further approval extension, applications must be submitted three months before expiry.
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