Approval under section 35(1)(ii): research associations must maintain separate accounts and meet annual reporting and audit deadlines. Approval is granted to specified organisations as Associations for research-related tax purposes for listed periods, conditioned on maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income and expenditure statements for research activities to designated tax and scientific authorities by 31 October, in addition to filing the regular income-tax return.
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.
Approval under section 35(1)(ii): research associations must maintain separate accounts and meet annual reporting and audit deadlines.
Approval is granted to specified organisations as Associations for research-related tax purposes for listed periods, conditioned on maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income and expenditure statements for research activities to designated tax and scientific authorities by 31 October, in addition to filing the regular income-tax return.
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