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<h1>Organizations Approved for Tax Exemptions Under Section 35(1)(iii) of Income-tax Act, 1961 Must Follow Reporting Rules</h1> The Central Government has approved certain organizations under section 35(1)(iii) of the Income-tax Act, 1961, for specific periods as institutions eligible for tax exemptions. These include the National Council of Applied Economic Research and the International School of Dravidian Linguistic. Approved institutions must maintain separate accounts for research activities, submit annual scientific research returns by May 31, and provide audited accounts to the relevant authorities by October 31 each year. The approval for the National Council spans from April 1, 1999, to March 31, 2002, and for the International School from January 14, 2000, to March 31, 2002.