Research institution approval under tax law requires separate research accounts and annual audited returns to designated authorities. Approval is granted to Ghandian Institute of Studies as an institution for research under the income-tax provision, conditional on maintaining a separate account for scientific research receipts, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30th June each year.
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Research institution approval under tax law requires separate research accounts and annual audited returns to designated authorities.
Approval is granted to Ghandian Institute of Studies as an institution for research under the income-tax provision, conditional on maintaining a separate account for scientific research receipts, furnishing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions) by 30th June each year.
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