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<h1>Sir Ganga Ram Trust Society Approved Under Section 35(1)(ii) for Research Activities, 2003-2005, Must Maintain Separate Accounts.</h1> The Central Government has approved the organization M/s Sir Ganga Ram Trust Society under Section 35(1)(ii) of the Income Tax Act, 1961, for the period from April 1, 2003, to March 31, 2005. This approval is for its classification as a 'university, college or other institution' partly engaged in research activities. The organization must maintain separate accounts for research activities and submit audited Income and Expenditure accounts to the relevant tax authorities. Additionally, an auditor's certificate confirming the amount received and expenditures for scientific research must be included.