Association approval under section 35(1)(ii): tax exemption for research conditioned on separate accounts, annual returns and audited filings. Notification approves specified organisations as Association under section 35(1)(ii) for listed periods, subject to conditions: maintain separate books for research; file annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, in addition to filing the return of income 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.
Association approval under section 35(1)(ii): tax exemption for research conditioned on separate accounts, annual returns and audited filings.
Notification approves specified organisations as Association under section 35(1)(ii) for listed periods, subject to conditions: maintain separate books for research; file annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, in addition to filing the return of income 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 
