Auroville Foundation Approved for Tax Benefits Under Section 35(1)(ii); Must Comply with Research Funding and Reporting Conditions

Auroville Foundation in Tamil Nadu has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from the 2009-2010 assessment year. The organization, categorized as 'other Institution', is partly engaged in scientific research. Conditions for this approval include utilizing funds for research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and submitting audit reports and donation statements. Non-compliance with these conditions or cessation of genuine research activities may result in withdrawal of approval by the Central Government.

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