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of <h1>Central Government Approves Institutions Under Section 35(1)(ii) of Income-tax Act for Research Activity Tax Benefits</h1> The Central Government has approved several institutions under section 35(1)(ii) of the Income-tax Act, 1961, for specified periods. These institutions include a health society, research foundations, hospitals, cancer centers, and a renewable energy research institute. Each institution must maintain separate accounts for research activities, submit annual scientific research returns by May 31, and provide audited annual accounts by October 31 to designated authorities. The approvals are effective for varying periods between April 1, 1999, and March 31, 2002, depending on the institution.
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