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of <h1>Punjab Science Council Approved for Tax Benefits Under Section 35(1)(ii) for Scientific Research from 2009 Onwards</h1> The Punjab State Council for Science and Technology, Chandigarh, has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research expenditure from the assessment year 2009-2010 onwards. This approval is contingent on conditions such as utilizing funds for social science research, maintaining separate audited accounts, and providing certified statements of donations and research expenditures. The approval may be withdrawn if the organization fails to comply with these conditions, including maintaining proper accounts, submitting audit reports, or continuing genuine research activities.
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