Research expenditure approval permits notified institutions tax exemption subject to separate accounts, annual return and audited reports. Approval is granted to Natya Shodh Sansthan, Calcutta as an Institution for research-related tax recognition for 1-4-2000 to 31-3-2003, subject to conditions. The institution must maintain separate books for research activities, file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and audited income & expenditure accounts for the research activities to the designated tax and departmental authorities by 31 October, alongside the return of income to the assessing officer.
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.
Research expenditure approval permits notified institutions tax exemption subject to separate accounts, annual return and audited reports.
Approval is granted to Natya Shodh Sansthan, Calcutta as an Institution for research-related tax recognition for 1-4-2000 to 31-3-2003, subject to conditions. The institution must maintain separate books for research activities, file an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and audited income & expenditure accounts for the research activities to the designated tax and departmental authorities by 31 October, alongside the return of income to the assessing officer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
