Research association approval under section 35(1)(ii) permits tax recognition for listed organisations subject to compliance. Specified organisations are approved as Associations under clause (ii) of sub-section (1) of section 35 for listed periods, subject to maintaining separate books for research activities, filing an annual return of scientific research activities 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 designated tax and DSIR authorities by 31st October each year in addition to the return to 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.
Research association approval under section 35(1)(ii) permits tax recognition for listed organisations subject to compliance.
Specified organisations are approved as Associations under clause (ii) of sub-section (1) of section 35 for listed periods, subject to maintaining separate books for research activities, filing an annual return of scientific research activities 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 designated tax and DSIR authorities by 31st October each year in addition to the return to the Assessing Officer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
