Approval under section 35(1)(ii): associations entitled to research exemption subject to specified accounting, reporting and audit conditions. Notification approves specified organisations as association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for listed periods, subject to conditions: maintain separate research books of account; furnish annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts and audited income-and-expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner by 31 October, in addition to filing the return of income.
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): associations entitled to research exemption subject to specified accounting, reporting and audit conditions.
Notification approves specified organisations as association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for listed periods, subject to conditions: maintain separate research books of account; furnish annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts and audited income-and-expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, DSIR, and the relevant Commissioner by 31 October, in addition to filing the return of income.
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