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of <h1>Astra Research Centre India Gains Approval Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding</h1> Astra Research Centre India, located 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. This approval, effective from April 1, 1991, to March 31, 1992, requires the organization to maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 each year. The organization must apply for extension of approval three months before expiry to the relevant authorities.
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