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of <h1>National Centre for Software Technology Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The National Centre for Software Technology in Bombay has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 1, 1991, to March 31, 1992, requires the organization to maintain separate accounts for research funds, submit annual research activity returns by May 31, and provide audited financial accounts by June 30 to relevant authorities. The organization must apply for an extension of approval three months before expiry. In exceptional cases, applications can be submitted soon after receiving the approval order.
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