Scientific research approval requires separate research accounts and annual audited returns to tax and science departments. The Society for Development Alternatives is approved as an Institution eligible under the scientific research tax provision, on conditions that it maintain a separate research account, file an annual return of research activities to the Department of Scientific and Industrial Research by 31st May, and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research and the relevant Commissioner/Director of Income-tax (Exemptions) by 30th June each year.
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.
Scientific research approval requires separate research accounts and annual audited returns to tax and science departments.
The Society for Development Alternatives is approved as an Institution eligible under the scientific research tax provision, on conditions that it maintain a separate research account, file an annual return of research activities to the Department of Scientific and Industrial Research by 31st May, and submit audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary of the Department of Scientific and Industrial Research and the relevant Commissioner/Director of Income-tax (Exemptions) by 30th June each year.
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