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<h1>Government Approves Institutions Under Section 35(1)(iii) of Income-tax Act for Research Activities; Annual Returns Required</h1> The Central Government has approved certain institutions under section 35(1)(iii) of the Income-tax Act, 1961, for specified periods. These institutions must maintain separate accounts for research activities and submit annual returns of their scientific research to the Department of Scientific & Industrial Research by May 31 each year. Additionally, they are required to provide audited annual accounts and income and expenditure accounts to the Director General of Income-tax (Exemptions) and other relevant authorities by October 31 annually. Approved organizations include an association in Maharashtra and a research institute in Chennai, both effective from April 1, 2000, to March 31, 2003.