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of <h1>Central Government Approves Organizations for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Central Government has approved certain organizations under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research purposes. These organizations must maintain separate accounts for research activities and submit annual returns to the Department of Scientific and Industrial Research by May 31 each year. They must also provide audited accounts to relevant tax authorities by October 31 annually. The approved organizations include the Raman Research Institute in Bangalore and the Mandko Foundation in Mumbai, with the approval effective from April 1, 2000, to March 31, 2003.
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