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of <h1>Indian Institute of Science Approved for Tax Benefits Under Section 35(1)(ii) for Research Activities 1999-2001</h1> The Indian Institute of Science in Bangalore has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 1999, to March 31, 2001. The approval requires the institute to maintain separate accounts for its research activities and submit an annual return of its scientific research activities to the Department of Scientific & Industrial Research by May 31 each year. Additionally, the institute must provide audited annual accounts and income and expenditure accounts to relevant authorities by October 31 each year.
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