Research association approval under section 35(1)(ii) requires separate accounting, annual DSIR return and audited submissions. Approval is granted to specified organisations as Associations under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining separate books for research, furnishing an annual research return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income tax (Exemptions), the DSIR Secretary and the relevant Commissioner/Director of Income tax (Exemptions) by 31st October each year.
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 association approval under section 35(1)(ii) requires separate accounting, annual DSIR return and audited submissions.
Approval is granted to specified organisations as Associations under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, subject to maintaining separate books for research, furnishing an annual research return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income tax (Exemptions), the DSIR Secretary and the relevant Commissioner/Director of Income tax (Exemptions) by 31st October each year.
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