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of <h1>Hexamar Agricultural Research approved under section 35(1)(ii) for scientific research; must maintain separate accounts and submit annual returns.</h1> Hexamar Agricultural Research and Development Foundation, located in Bombay, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. This approval, effective from April 1, 1990, to March 31, 1992, requires the organization to maintain separate accounts for scientific research funds, submit annual scientific research activity returns by May 31 each year, and provide audited annual accounts by June 30 to relevant authorities. For approval extension, the organization must apply three months before expiry, or as soon as possible in exceptional cases, to the Director-General of Income-tax (Exemptions) and other specified authorities.
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