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of <h1>Kelkar Education Trust Gains Approval for Research Activities Under Section 35(1)(ii) of Income-tax Act 1961</h1> Organization M/s Kelkar Education Trust, Mumbai, has been approved by the Central Government under Section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 2004, to March 31, 2007. This approval is for the category of 'other Institution' partly engaged in research activities. The organization must maintain separate accounts for its research activities and submit audited Income & Expenditure accounts annually to the relevant tax authority. An auditor's certificate must accompany these accounts, specifying the amount received for scientific research and certifying that the expenditure was for scientific research purposes.
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