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<h1>Fedrick Institute Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act, 1961, Until March 2000</h1> The Central Government has approved certain institutions under section 35(1)(ii) of the Income-tax Act, 1961, for a specified period. The Fedrick Institute of Plant Protection and Toxicology in Tamil Nadu is approved from January 14, 1999, to March 31, 2000. Approved institutions must maintain separate accounts for research activities and submit annual scientific research reports to the Department of Scientific and Industrial Research by May 31 each year. They must also provide audited annual accounts and income and expenditure accounts related to research activities by October 31 to relevant tax authorities.
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