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of <h1>National Academy of Agricultural Sciences Gains Tax Exemption Status under Section 35(1)(ii) for 1997-1999 Research Activities</h1> The National Academy of Agricultural Sciences, located at the Indian Agricultural Research Institute Campus in New Delhi, has been approved as an institution under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from April 1, 1997, to March 31, 1999, requires the organization to maintain separate accounts for its research activities and submit annual returns and audited accounts to relevant authorities by specified deadlines. These conditions ensure compliance with the requirements for tax exemption related to its research activities.
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