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of <h1>Indian Cancer Society Granted Tax Exemption for Research Activities Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Indian Cancer Society, Solapur, has been approved by the Central Government for tax exemption under Section 35(1)(ii) of the Income-tax Act, 1961, for the period from April 1, 2002, to March 31, 2005. The organization must maintain separate accounts for research activities and submit annual returns of its scientific research to the Department of Scientific & Industrial Research by May 31 each year. Additionally, it must provide audited annual accounts and income statements to relevant tax authorities by October 31 each year. The institution is advised to apply for renewal of approval in advance to the Central Government.
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