Aproval of M/s Auroville Foundation Bharat Nivas under section 35(1)(iii) - 016/2005 - Income Tax

Approval under section 35(1)(iii) recognises research institution status and mandates separate accounts, annual returns and audited filings.

Approval under section 35(1)(iii) recognises M/s Auroville Foundation Bharat Nivas as an institution for research exemption from 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October each year, in addition to the income-tax return; renewal applications must be filed in triplicate through the Commissioner/Director and sent to the Secretary, DSIR.