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of <h1>Tax Exemption Approved for Institutions Under Section 35(1)(ii) of Income-tax Act for Specific Periods</h1> The Central Government has approved several institutions for tax exemptions under section 35(1)(ii) of the Income-tax Act, 1961, effective for specified periods. These institutions must maintain separate accounts for research activities and submit annual returns to the Department of Scientific and Industrial Research by May 31 each year. Additionally, they must provide audited accounts and income-expenditure statements to relevant authorities by October 31 annually. The approved institutions include medical research foundations, technology and water resources organizations, and academic institutes, with approval periods ranging from 1999 to 2003.
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