Research association approval: compliance obligations include separate research accounts, annual returns, audited filings, and extension applications. Approval is granted to M. L. Shah Research Foundation for Stone Industries as an association qualified for research expenditure deduction, effective 1 April 1989 to 31 March 1990, subject to maintaining separate research accounts, furnishing annual research returns to the Department of Scientific and Industrial Research by 31 May, filing audited annual accounts with designated tax and research authorities by 30 June, and applying in triplicate through the local tax authority for extension at least three months before expiry while sending six copies to the Department Secretary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research association approval: compliance obligations include separate research accounts, annual returns, audited filings, and extension applications.
Approval is granted to M. L. Shah Research Foundation for Stone Industries as an association qualified for research expenditure deduction, effective 1 April 1989 to 31 March 1990, subject to maintaining separate research accounts, furnishing annual research returns to the Department of Scientific and Industrial Research by 31 May, filing audited annual accounts with designated tax and research authorities by 30 June, and applying in triplicate through the local tax authority for extension at least three months before expiry while sending six copies to the Department Secretary.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
