Approval under Section 35(1)(ii) requires notified research institutions to maintain separate accounts and submit annual audited research accounts. Notification approves listed institutions under clause (ii) of sub section (1) of section 35 for research expenditure exemption, subject to conditions: maintain separate research accounts; file an annual return of scientific research activities with the scientific department by the annual deadline; and submit audited annual accounts and audited income & expenditure accounts for research activities to tax and scientific authorities by the annual deadline, in addition to filing the return of income with the designated 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.
Approval under Section 35(1)(ii) requires notified research institutions to maintain separate accounts and submit annual audited research accounts.
Notification approves listed institutions under clause (ii) of sub section (1) of section 35 for research expenditure exemption, subject to conditions: maintain separate research accounts; file an annual return of scientific research activities with the scientific department by the annual deadline; and submit audited annual accounts and audited income & expenditure accounts for research activities to tax and scientific authorities by the annual deadline, in addition to filing the return of income with the designated assessing officer.
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