Research expenditure approval enables donations to LEPRA Society to be tax-eligible subject to audit and reporting conditions. LEPRA Society, Secunderabad is approved under section 35(1)(ii), read with Rules 5C and 5E, as an 'other Institution' partly engaged in research from 1 April 2007, conditional on utilization of sums for scientific research by faculty or enrolled students, maintenance of separate research accounts, audit by a prescribed accountant with submission of the audit report by the income-tax return due date, and a certified statement of donations and amounts applied for research to accompany the audit report.
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 approval enables donations to LEPRA Society to be tax-eligible subject to audit and reporting conditions.
LEPRA Society, Secunderabad is approved under section 35(1)(ii), read with Rules 5C and 5E, as an 'other Institution' partly engaged in research from 1 April 2007, conditional on utilization of sums for scientific research by faculty or enrolled students, maintenance of separate research accounts, audit by a prescribed accountant with submission of the audit report by the income-tax return due date, and a certified statement of donations and amounts applied for research to accompany the audit report.
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