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of <h1>Government Approves Tax Exemptions for Scientific Research Under Section 35(1)(ii), Valid Until March 31, 2003</h1> The Central Government has approved certain organizations under section 35(1)(ii) of the Income-tax Act, 1961, for a specified period, allowing them tax exemptions for scientific research activities. These organizations must maintain separate accounts for research, submit annual returns to the Department of Scientific and Industrial Research by May 31, and provide audited accounts to relevant tax authorities by October 31 each year. The approved organizations include Nagarjuna Agricultural Research and Development Institute, Petroleum Conservation Research Association, and Nimbkar Agricultural Research Institute, with the approval effective from April 1, 2000, to March 31, 2003.
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