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of <h1>Institutions Approved for Tax Exemption Under Section 35(1)(iii) for Scientific Research; Must Comply with Reporting Requirements.</h1> The Central Government has approved several institutions under section 35(1)(iii) of the Income-tax Act, 1961, for specific periods, allowing them tax exemptions for scientific research activities. These institutions must maintain separate accounts for research, submit annual scientific research activity returns by May 31, and provide audited annual accounts and income/expenditure reports by October 31 to relevant authorities. The approved institutions include an institute in Ahmedabad, an organization in New Delhi, another in Mumbai, and a center in Pune, with approval periods ranging from April 1, 1999, to March 31, 2001.
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