Income-tax (2nd Amendment) Rules, 2009- amends in rule 5D and 5E - Conditions under section 35(1)(ii) and 35(1)(iii) - 02/2009 - Income Tax

Research reporting obligations: institutions must file detailed annual research statements with tax authorities by the return due date.

The amendment requires scientific research associations and universities, colleges or other institutions to furnish, by the income tax return due date, a statement to the Commissioner or Director containing: a detailed note on prior year research; a summary of published research articles; any patents applied for or registered; and the programme and financial allocation for forthcoming research projects, and integrates this statement into the compliance documentation for the relevant tax provision.