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of <h1>Kaivalyadhama Yoga Mandir Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> Kaivalyadhama Shriman Madhava Yoga Mandir Samiti, Pune has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2008, for scientific research purposes. The organization must utilize funds for scientific research, conducted by faculty or students, and maintain separate audited accounts for these funds. It must also maintain a certified statement of donations and their application. The approval can be withdrawn if the organization fails to comply with these conditions, ceases genuine research activities, or does not adhere to the specified provisions of the Income-tax Act and Rules.
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