Institutional approval under tax law requires annual audited accounts and research reporting to retain exemption status. Haffkin Institute is approved as an Institution for research-related tax benefits subject to maintaining a separate account for research receipts, furnishing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified authorities by 30th June. The approval is effective for the stated period and the organisation must apply through the local tax authority for extension ahead of expiry, with guidance on exceptional late applications and submission of multiple copies to the Department of Scientific and Industrial Research.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Institutional approval under tax law requires annual audited accounts and research reporting to retain exemption status.
Haffkin Institute is approved as an Institution for research-related tax benefits subject to maintaining a separate account for research receipts, furnishing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts to specified authorities by 30th June. The approval is effective for the stated period and the organisation must apply through the local tax authority for extension ahead of expiry, with guidance on exceptional late applications and submission of multiple copies to the Department of Scientific and Industrial Research.
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