Research expenditure approval requires institutions to keep separate accounts and file annual audited returns by stated deadlines. The National Council of Applied Economic Research is approved as an Institution for tax recognition related to scientific research, subject to maintaining a separate account for research funds, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by 30 June each year.
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.
Research expenditure approval requires institutions to keep separate accounts and file annual audited returns by stated deadlines.
The National Council of Applied Economic Research is approved as an Institution for tax recognition related to scientific research, subject to maintaining a separate account for research funds, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to specified tax and departmental authorities by 30 June each year.
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