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<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 of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval, effective from April 1, 1991, to March 31, 1991, requires the organization to maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31, and provide audited accounts by June 30 to the relevant authorities. The organization should apply for an extension of approval three months before expiry, or as soon as possible if the approval is received late.