Research institution approval requires separate research accounts and annual DSIR returns and audited submissions to authorities. Approval is granted to specified organisations as Institutions under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for the notified period. Approved institutions must maintain separate books for research activities, file an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and a separate audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, alongside their income-tax return.
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 institution approval requires separate research accounts and annual DSIR returns and audited submissions to authorities.
Approval is granted to specified organisations as Institutions under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for the notified period. Approved institutions must maintain separate books for research activities, file an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and a separate audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, alongside their income-tax return.
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