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of <h1>Organization Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961; Must Maintain Separate Accounts</h1> The organization located in Faizabad, U.P., has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from March 4, 1991, to March 31, 1992, requires the organization to maintain separate accounts for research funds, submit annual research activity reports by May 31, and provide audited financial accounts by June 30 each year. For further approval extension, applications should be submitted three months before the current approval expires. In certain cases, extensions can be applied for soon after receiving the approval order.
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