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<h1>New Rule 5F and Form 3CF-III for Scientific Research Tax Approval u/s 35(1)(iia) Effective April 2009.</h1> The Income-tax (10th Amendment) Rules, 2008 introduces Rule 5F and Form No. 3CF-III, effective April 1, 2009. Rule 5F outlines the process and conditions for companies seeking approval under section 35(1)(iia) of the Income-tax Act, 1961, for scientific research activities. The Chief Commissioner of Income-tax is designated as the authority to grant approval, requiring companies to submit applications in Form No. 3CF-III. The rule specifies guidelines for application submission, deficiency rectification, and approval withdrawal. Approved companies must maintain separate accounts for research funds and provide annual reports on research activities and financials.