Approval as Scientific Research Association: institute subject to accounting, audit and certified donation disclosure requirements. Approval granted to M/S G.B. Pant Institute as an approved Scientific Research Association requires the sole objective of undertaking scientific research, conducting research itself, maintaining separate books of account for research funds, obtaining an audit by a qualified accountant and furnishing that audit report by the return due date, and providing an auditor certified statement of donations received and amounts applied to scientific research.
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.
Approval as Scientific Research Association: institute subject to accounting, audit and certified donation disclosure requirements.
Approval granted to M/S G.B. Pant Institute as an approved Scientific Research Association requires the sole objective of undertaking scientific research, conducting research itself, maintaining separate books of account for research funds, obtaining an audit by a qualified accountant and furnishing that audit report by the return due date, and providing an auditor certified statement of donations received and amounts applied to scientific research.
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 
