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of <h1>Lokmanya Medical Research Centre Gains Central Approval Under Section 35(1)(ii) for Research Activities Funding Compliance</h1> Organization M/s. Lokmanya Medical Research Centre, Chinchwad, Pune, has been approved by the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 2003, to March 31, 2006. This approval, categorized under University, College, or other Institution partly engaged in research activities, requires the organization to maintain separate accounts for research activities and submit audited Income & Expenditure accounts to the relevant tax authority. Additionally, an auditor's certificate must accompany these accounts, specifying funds received and expenditures made for scientific research.
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