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of <h1>Centre for Scientific Research Approved Under Section 35(1)(ii) Income-tax Act, 1961; Must Maintain Separate Accounts and Submit Reports</h1> The Centre for Scientific Research in Auroshilpam, Auroville, Pondicherry, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1991, to March 31, 1992. This approval, granted by the Director-General of Income-tax (Exemptions) and the Secretary of the Department of Scientific and Industrial Research, requires the organization to maintain separate accounts for scientific research funds, submit annual returns of its activities by May 31, and provide audited accounts by June 30 each year. For extension of approval, applications must be submitted three months before expiry.
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