Research exemption approval requires separate research accounts and annual audited submissions to tax authorities each year. Central Government notification approves Research Foundation for Jainology under Section 35(1)(ii) as an 'Institution' for a specified period, subject to maintaining separate books for research activities and submitting audited annual accounts and a separate audited Income & Expenditure Account for those research activities to the exemption authorities and jurisdictional Commissioner/Director by 31 October each year, in addition to filing the return of income with the assessing officer.
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 approval requires separate research accounts and annual audited submissions to tax authorities each year.
Central Government notification approves Research Foundation for Jainology under Section 35(1)(ii) as an "Institution" for a specified period, subject to maintaining separate books for research activities and submitting audited annual accounts and a separate audited Income & Expenditure Account for those research activities to the exemption authorities and jurisdictional Commissioner/Director by 31 October each year, in addition to filing the return of income with the assessing officer.
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