Approved The EFI Social and Labour Research Foundation, Bombay u/s 35(1)(iii) - S.O.1673 - Income Tax

Approval under section 35(1)(iii): institutional tax exemption subject to separate research accounts and annual audited reporting requirements.

The EFI Social and Labour Research Foundation is approved as an Institution under section 35(1)(iii) for 1-4-1990 to 31-3-1991, subject to maintaining a separate account for scientific research receipts, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the local Commissioner/Director of Income-tax (Exemptions) by 30 June. The organisation is advised on the procedure and timing for applying for extension of approval.