Approval under section 35(1)(ii): associations granted research exemption subject to accounting, reporting and audited submission requirements. Approval is granted to specified organisations as associations eligible for research-related tax exemption, subject to compliance: maintain separate books for research; file an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts and audited income and expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the territorial Commissioner/Director of Income-tax by 31 October, in addition to filing the return of income 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.
Approval under section 35(1)(ii): associations granted research exemption subject to accounting, reporting and audited submission requirements.
Approval is granted to specified organisations as associations eligible for research-related tax exemption, subject to compliance: maintain separate books for research; file an annual return of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31 May; and submit audited annual accounts and audited income and expenditure accounts for research activities to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the territorial Commissioner/Director of Income-tax by 31 October, in addition to filing the return of income to the designated Assessing Officer.
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