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of <h1>Zandu Foundation for Health Care Approved for Scientific Research u/s 35(1)(ii) of Income-tax Act.</h1> The Central Government has approved the Zandu Foundation for Health Care, Mumbai, under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003. This approval is for the foundation's engagement in scientific research activities. Conditions include utilizing funds for scientific research, conducting research through faculty or students, maintaining audited financial records, and submitting reports to tax authorities. The foundation must also keep a certified statement of donations and research expenditures. Approval may be withdrawn if the foundation fails to comply with these conditions or ceases genuine research activities.
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