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<h1>Bharati Samskrta Vidya Niketanam Approved Under Section 35(1)(iii) of Income-tax Act for 2000-2003 Research Funding</h1> The Central Government has approved Bharati Samskrta Vidya Niketanam, Mumbai, as an institution under section 35(1)(iii) of the Income-tax Act, 1961, effective from April 1, 2000, to March 31, 2003. The institution must maintain separate accounts for its research activities and submit annual returns of its scientific research to the Department of Scientific and Industrial Research by May 31 each year. Additionally, it must provide audited annual accounts and income and expenditure statements to relevant tax authorities by October 31 annually. Renewal applications should be submitted in triplicate well in advance.