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of <h1>Rajiv Gandhi Foundation Gains Tax Approval for Research, Must Submit Audited Accounts u/s 35(1)(iii.</h1> The Rajiv Gandhi Foundation, located at Jawahar Bhawan, Dr. Rajendra Prasad Road, New Delhi, has been approved by the Central Government under section 35(1)(iii) of the Income Tax Act, 1961, for the period from April 1, 2003, to March 31, 2006. This approval requires the foundation to maintain separate accounts for its research activities and submit an audited Income & Expenditure account, along with a certificate from the auditor confirming expenditures for scientific research, to the Director General of Income Tax (Exemptions) and the relevant Commissioner or Director of Income Tax by the due date for filing tax returns.
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