CHILDS Trust Medical Research Foundation in Chennai approved under Income-tax Act Section 35(1)(ii) for scientific research funding.

The CHILDS Trust Medical Research Foundation in Chennai has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003. This approval allows the organization to receive funds for scientific research, which must be utilized by its faculty or students. The foundation is required to maintain separate accounts for these funds, have them audited, and submit the audit report to the relevant tax authorities. Failure to comply with these conditions or ceasing genuine research activities may result in the withdrawal of this approval.

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