Research-expenditure deduction approval: notified association must maintain accounts and meet annual reporting and audit requirements. Approval under section 35(1)(ii) recognises an association's scientific research activities and conditions tax-related recognition on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts plus a research income and expenditure account to designated tax and administrative authorities by 31 October, alongside the regular return of income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research-expenditure deduction approval: notified association must maintain accounts and meet annual reporting and audit requirements.
Approval under section 35(1)(ii) recognises an association's scientific research activities and conditions tax-related recognition on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts plus a research income and expenditure account to designated tax and administrative authorities by 31 October, alongside the regular return of income.
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