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of <h1>Foundation for Coil Winding Technology Approved Under Section 35(1)(ii) of Income-tax Act for Scientific Research Benefits</h1> The Foundation for Coil Winding Technology and Research in Pune 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, is contingent on maintaining separate accounts for scientific research funds, submitting annual scientific research activity returns by May 31, and providing audited annual accounts by June 30 each year. The organization must apply for approval extension three months before expiration.
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