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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Auroville Foundation Bharat Nivas Approved for Tax Benefits Under Section 35(1)(iii) for 2003-2006; Compliance Required</h1> The Central Government has approved M/s Auroville Foundation Bharat Nivas under section 35(1)(iii) of the Income Tax Act, 1961, effective from April 1, 2003, to March 31, 2006. The organization must maintain separate accounts for research activities and submit annual returns of its scientific research activities to the Department of Scientific & Industrial Research by May 31 each year. Additionally, it must provide audited annual accounts and income and expenditure accounts to relevant tax authorities by October 31 annually. For renewal, applications should be submitted in triplicate to the Central Government and relevant tax authorities.
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