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of <h1>Government Approves Organizations Under Section 35(1)(ii) for Tax Benefits; Annual Reporting Requirements Outlined</h1> The Central Government has approved certain organizations under section 35(1)(ii) of the Income Tax Act, 1961, for specified periods. These organizations must maintain separate accounts for research activities and submit annual returns of their scientific research to the Department of Scientific & Industrial Research by May 31 each year. Additionally, they must provide audited annual accounts and income and expenditure accounts to designated authorities by October 31. Approved organizations include an entity in Madurai for the period from April 1, 1999, to March 31, 2002, and another in Calcutta for the period from April 1, 1999, to March 31, 2000.
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