Research institution approval under income tax enables tax recognised research status subject to account separation and annual reporting requirements. Approval is granted to Bhaskaracharya Pratishthan, Pune as an association for scientific research under the Income tax framework, subject to maintaining separate accounts for research receipts (excluding certain fields), filing an annual return of research activities to the prescribed authority in prescribed forms by 30th April, and submitting the annual return and statement of accounts to the Commissioner of Income tax by 30th April.
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 institution approval under income tax enables tax recognised research status subject to account separation and annual reporting requirements.
Approval is granted to Bhaskaracharya Pratishthan, Pune as an association for scientific research under the Income tax framework, subject to maintaining separate accounts for research receipts (excluding certain fields), filing an annual return of research activities to the prescribed authority in prescribed forms by 30th April, and submitting the annual return and statement of accounts to the Commissioner of Income tax by 30th April.
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