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<h1>Research Institute for Graphics Arts Approved Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding.</h1> The Research Institute for Graphics Arts has been approved under section 35(1)(ii) of the Income-tax Act, 1961, as notified by the Department of Scientific & Industrial Research, New Delhi. The approval, effective from April 1, 1987, to December 31, 1987, requires the Institute to maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by May 31 each year, and provide audited financial statements by June 30 annually to the prescribed authority and the Central Board of Direct Taxes. The Institute must apply for approval extension three months before expiry to avoid rejection.