Section 35(1)(ii) approval permits associations research exemption subject to separate books and annual reporting requirements. Approval is granted to specified organisations under Section 35(1)(ii) as Associations eligible for research-related tax recognition, subject to maintaining separate books of accounts for research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31 October, in addition to filing the regular return of income.
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.
Section 35(1)(ii) approval permits associations research exemption subject to separate books and annual reporting requirements.
Approval is granted to specified organisations under Section 35(1)(ii) as Associations eligible for research-related tax recognition, subject to maintaining separate books of accounts for research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31 October, in addition to filing the regular return of income.
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