Research exemption status requires notified association to file annual returns, maintain research accounts, and submit audited research accounts. Notification grants notified association status to M/s SHARE INDIA for research-related tax exemption, subject to conditions: maintain separate research books (except where the organisation is categorised as 'Association'); file an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31st May; and provide audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31st October, besides filing the income-tax return. Renewal applications must be filed 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 exemption status requires notified association to file annual returns, maintain research accounts, and submit audited research accounts.
Notification grants notified association status to M/s SHARE INDIA for research-related tax exemption, subject to conditions: maintain separate research books (except where the organisation is categorised as "Association"); file an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31st May; and provide audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31st October, besides filing the income-tax return. Renewal applications must be filed in triplicate.
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