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of <h1>I.N.Y.S. Medical Research Society gains approval under section 35(1)(ii) of Income-tax Act, valid for one year.</h1> The I. N. Y. S. Medical Research Society in Bangalore 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. The approval is valid from April 1, 1990, to March 31, 1991. The organization must maintain separate accounts for scientific research funds, submit annual research activity returns by May 31, and provide audited annual accounts by June 30 each year. For extension of approval, applications should be submitted three months before expiry.
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