Research deduction approval under section 35(1)(ii) grants associations conditional tax-exempt status and reporting obligations. Approval under section 35(1)(ii) is granted to specified associations for stated periods, conditioned on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October, alongside the regular income-tax return to the designated Assessing Officer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research deduction approval under section 35(1)(ii) grants associations conditional tax-exempt status and reporting obligations.
Approval under section 35(1)(ii) is granted to specified associations for stated periods, conditioned on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October, alongside the regular income-tax return to the designated Assessing Officer.
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