Approval under section 35(1)(ii) grants university research deduction eligibility subject to annual returns and audited account submissions. Approval under section 35(1)(ii) recognizes the Indian Institute of Science as an approved university for specified research-related tax benefits, subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited research income and expenditure accounts to designated tax and research authorities by 31st October alongside the income-tax return.
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.
Approval under section 35(1)(ii) grants university research deduction eligibility subject to annual returns and audited account submissions.
Approval under section 35(1)(ii) recognizes the Indian Institute of Science as an approved university for specified research-related tax benefits, subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited research income and expenditure accounts to designated tax and research authorities by 31st October alongside the income-tax return.
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 
