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of <h1>Indian Medical Scientific Research Foundation Approved for Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Indian Medical Scientific Research Foundation in Rajkot, Gujarat, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. The approval is effective from June 11, 1991, to March 31, 1992. The foundation must maintain separate accounts for research funds, submit annual research activity reports by May 31, and provide audited financial accounts by June 30 each year to relevant authorities. For approval extension, applications should be submitted three months prior to expiration or as soon as possible in exceptional cases.
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