Research exemption under Section 35(1)(ii) requires institutions to maintain separate accounts and file annual research returns. M/s World Wide Fund for Nature - India is approved as an Institution under Section 35(1)(ii) for the notified period subject to conditions: maintain separate books for research activities; file an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31st May each year; and submit audited annual accounts and audited income & expenditure accounts for the research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 31st October each year.
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.
Research exemption under Section 35(1)(ii) requires institutions to maintain separate accounts and file annual research returns.
M/s World Wide Fund for Nature - India is approved as an Institution under Section 35(1)(ii) for the notified period subject to conditions: maintain separate books for research activities; file an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31st May each year; and submit audited annual accounts and audited income & expenditure accounts for the research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the relevant Commissioner/Director of Income-tax (Exemptions) by 31st October each year.
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