Approval of M/s. Vivekanand Medical Research Society, Latur for the purpose of clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961 - 032/2004 - Income Tax Act, 1961
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Research approval under section 35(1)(ii) imposes association status with annual reporting and audited accounts obligations. Approval is granted to M/s. Vivekanand Medical Research Society, Latur as an Association under clause (ii) of sub-section (1) of section 35 read with Rule 6, effective 1 April 2003 to 31 March 2006, subject to conditions: maintain separate books for research activities (not required for organisations categorised as Association); furnish the annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure account for research activities to designated income-tax and DSIR authorities by 31 October, in addition to the income-tax return. Renewal applications should be made in triplicate.
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 approval under section 35(1)(ii) imposes association status with annual reporting and audited accounts obligations.
Approval is granted to M/s. Vivekanand Medical Research Society, Latur as an Association under clause (ii) of sub-section (1) of section 35 read with Rule 6, effective 1 April 2003 to 31 March 2006, subject to conditions: maintain separate books for research activities (not required for organisations categorised as Association); furnish the annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited income & expenditure account for research activities to designated income-tax and DSIR authorities by 31 October, in addition to the income-tax return. Renewal applications should be made in triplicate.
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