Research approval for college research enables tax-exempt treatment subject to annual reporting and audit conditions. Approval is granted to Bhartiya Vaidayak Samanvaya Samiti's All India Ayurved Research Institute, Nagpur, as a college for research related tax exemption for 1 4 1999 to 31 3 2002, subject to conditions: maintain separate books for research activities; file an annual scientific research return to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts and a separate audited income and expenditure account for the research activities to specified tax and research authorities by 31 October, in addition to the regular income tax return.