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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Approves Institutions Under Section 35(1)(ii), Requiring Annual Research Returns and Audited Accounts Submission.</h1> The Central Government has approved several institutions under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2000, to March 31, 2003. These institutions must maintain separate accounts for research activities and submit annual returns of scientific research to the Department of Scientific & Industrial Research by May 31 each year. They must also provide audited accounts and income and expenditure statements to relevant tax authorities by October 31 annually. Approved institutions include Tata Memorial Centre, B.V. Patel Pharmaceutical Education and Research Development Centre, Valabhdas Dagara Indian Society for Mentally Retarded, and Indian Copper Development Centre.
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