Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Approves Trust and Research Foundation under Section 35(1)(iii) of Income-tax Act for 2000-2003 Research Activities.</h1> The Central Government has approved an organization, referred to as the Trust and Research Foundation, under section 35(1)(iii) of the Income-tax Act, 1961. This approval is valid from April 1, 2000, to March 31, 2003. The institution must maintain separate accounts for its research activities, submit an annual return of scientific research activities by May 31 each year, and provide audited accounts and income-expenditure reports by October 31 annually to designated authorities. These requirements are in addition to submitting the income tax return to the relevant Assessing Officer.
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