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of <h1>Govt Approves Tax Exemptions for Scientific Research under Section 35(1)(ii) of Income-tax Act, 1961</h1> The Central Government has approved several organizations under section 35(1)(ii) of the Income-tax Act, 1961, for specified periods, allowing them tax exemptions for scientific research activities. These organizations must maintain separate accounts for research, submit annual returns to the Department of Scientific and Industrial Research by May 31, and provide audited accounts to relevant tax authorities by October 31 each year. The approved organizations include a research center in Nagpur, an institute in Karnataka, an eye health center in Gujarat, and a science and technology center in Chennai, with approval periods ranging from April 1999 to March 2002.
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