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of <h1>Tata Institute Approved for Tax Benefits Under Section 35(1)(ii), Must Submit Annual Reports and Maintain Separate Books</h1> The Tata Institute of Fundamental Research, located on Homi Bhaba Road, Mumbai, has been approved by the Central Government for the period from April 14, 2000, to March 31, 2003, under section 35(1)(ii) of the Income-tax Act, 1961. This approval requires the institute to maintain separate books for its research activities and submit annual returns of its scientific research activities to the Department of Scientific and Industrial Research by May 31 each year. Additionally, the institute must provide audited annual accounts and income and expenditure reports to various tax authorities by October 31 annually.
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