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of <h1>Indian National Theatre Approved for Scientific Research Under Section 35(1)(iii) of Income-tax Act, 1961</h1> The Indian National Theatre in Bombay has been approved under Section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. The approval, effective from April 1, 1990, to March 31, 1991, requires the organization to maintain separate accounts for research funds, submit annual research activity returns to the Department of Scientific and Industrial Research by May 31 each year, and provide audited annual accounts to relevant tax authorities by June 30. The organization must apply for approval extension three months before expiry.
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