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of <h1>Kelkar Education Trust Approved for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act</h1> Kelkar Education Trust, Mumbai, 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 2010-11 onwards. The organization is categorized as an 'Other Institution' partly engaged in research activities. Conditions for approval include utilizing funds for scientific research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and submitting a certified statement of donations and expenditures. Approval may be withdrawn if the organization fails to comply with these conditions or ceases genuine research activities.
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