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of <h1>Fluid Control Research Institute approved under Section 35(1)(iii) for tax benefits, 2005-2008, must submit audited accounts.</h1> The Central Government has approved the Fluid Control Research Institute, located in Kanjikode West, Palakkad, for the purpose of Section 35(1)(iii) of the Income-tax Act, 1961, for the period from April 1, 2005, to March 31, 2008. This approval is under 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 to the relevant tax authority. Additionally, an auditor's certificate must be provided, detailing the funds received for scientific research and certifying that the expenditure was for scientific research purposes.
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