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of <h1>Wool Research Association Gains Approval for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Wool Research Association, located in Thane, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, as an institution for scientific research by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval is valid from April 1, 1991, to March 31, 1992. The organization must maintain separate accounts for research funds, submit annual scientific research activity returns by May 31, and provide audited annual accounts by June 30 each year. For approval extension, applications must be submitted three months prior to expiry, or as soon as possible if delayed.
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