Tax exemption approval for research activities requires separate research accounts, annual DSIR return and audited submissions by deadline. Approval under section 35(1)(ii) registers the Centre for Study of Man and Environment as an association eligible for research tax exemption, conditional on maintaining separate research books, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited income and expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31st October each year, plus filing the return of income with the 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.
Tax exemption approval for research activities requires separate research accounts, annual DSIR return and audited submissions by deadline.
Approval under section 35(1)(ii) registers the Centre for Study of Man and Environment as an association eligible for research tax exemption, conditional on maintaining separate research books, filing an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited income and expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31st October each year, plus filing the return of income with the Assessing Officer.
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