Section 35(1)(ii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved scientific research association/institutions - 51/2002 - Income Tax

Approved research institution status requires separate research accounts and annual audited returns to tax and DSIR authorities.

Approval of Auroville Foundation as an Institution eligible for the tax provision for scientific research expenditure is subject to maintaining separate research accounts, furnishing an annual research return to the Department of Scientific & Industrial Research, and submitting audited annual accounts and audited income and expenditure accounts for approved research activities to specified tax and DSIR authorities by the prescribed annual deadlines; renewal applications must be filed in triplicate through the tax exemptions authority and directly to DSIR.