Approved Institution u/s. 35(1)(ii) of the Income-tax Act, 1961 - M/s Foundation for Revitalisation of Local Health Traditions, Bangalore - 044/2005 - Income Tax Act, 1961
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Approval under s.35(1)(ii) for institutions requires separate research accounts and specified annual filings and audits. Approval is granted to M/s Foundation for Revitalisation of Local Health Traditions, Bangalore as an Institution for purposes of s.35(1)(ii) of the Income-tax Act, 1961 for 1.4.2003-31.3.2006, subject to maintaining separate accounts for research and non-research (except Associations), filing an annual return of scientific research activities with the Secretary, DSIR by 31 May, and submitting audited annual accounts and an audited Income & Expenditure Account for exempted research activities to DGIT(Exemption), the Secretary DSIR, and the local Commissioner/Director of Income Tax (Exemptions) by 31 October, while filing its return of income with the designated assessing officer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under s.35(1)(ii) for institutions requires separate research accounts and specified annual filings and audits.
Approval is granted to M/s Foundation for Revitalisation of Local Health Traditions, Bangalore as an Institution for purposes of s.35(1)(ii) of the Income-tax Act, 1961 for 1.4.2003-31.3.2006, subject to maintaining separate accounts for research and non-research (except Associations), filing an annual return of scientific research activities with the Secretary, DSIR by 31 May, and submitting audited annual accounts and an audited Income & Expenditure Account for exempted research activities to DGIT(Exemption), the Secretary DSIR, and the local Commissioner/Director of Income Tax (Exemptions) by 31 October, while filing its return of income with the designated assessing officer.
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