Approval under section 35(1)(ii) research exemption: institution must maintain research accounts and meet annual reporting deadlines. Approval under section 35(1)(ii) for The Foundation for Medical Research is conditional on maintaining separate books for research, filing an annual scientific research return with the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemption), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October each year, in addition to filing the return of income. The separate-books requirement is waived for entities categorized as 'Association.'
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.
Approval under section 35(1)(ii) research exemption: institution must maintain research accounts and meet annual reporting deadlines.
Approval under section 35(1)(ii) for The Foundation for Medical Research is conditional on maintaining separate books for research, filing an annual scientific research return with the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemption), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October each year, in addition to filing the return of income. The separate-books requirement is waived for entities categorized as "Association."
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