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<h1>Institutions Approved Under Section 35(1)(ii) for Tax Benefits Must Submit Annual Research Accounts by October 31</h1> The Central Government has approved several institutions under section 35(1)(ii) 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 and Industrial Research by May 31 each year. Additionally, they must provide audited annual accounts and income and expenditure accounts related to research activities to the Director-General of Income-tax (Exemptions) and relevant authorities by October 31 each year. Approved institutions include organizations in Mumbai, Ahmedabad, and Calcutta, effective from April 1, 2000, to March 31, 2003.