Research exemption approval under section 35(1)(ii) requires separate research accounts, annual returns, and audited financial submissions. Approval is granted to specified organisations as associations under clause (ii) of sub section (1) of section 35, subject to maintaining separate research books, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and scientific authorities by 31 October alongside the income tax return.
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 exemption approval under section 35(1)(ii) requires separate research accounts, annual returns, and audited financial submissions.
Approval is granted to specified organisations as associations under clause (ii) of sub section (1) of section 35, subject to maintaining separate research books, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and scientific authorities by 31 October alongside the income tax return.
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