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of <h1>Central Government Approves Tax Exemption for All India Ayurved Research Institute under Section 35(1)(ii) of Income-tax Act</h1> The Central Government has approved Bhartiya Vaidayak Samanyaya Samiti's All India Ayurved Research Institute, Nagpur, under section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 1999, to March 31, 2002. The institute must maintain separate accounts for its research activities, submit an annual return of scientific research activities by May 31 each year, and provide audited annual accounts and income and expenditure accounts to relevant authorities by October 31 each year. These conditions are part of the requirements for the tax exemption granted under the specified section of the Income-tax Act.
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