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of <h1>Central Government Approves TIFAC as Institution Under Income Tax Act Section 35(1)(ii) for 2000-2003 Period.</h1> The Central Government has approved the Technology Information, Forecasting & Assessment Council (TIFAC), New Delhi, as an institution under section 35(1)(ii) of the Income Tax Act, 1961, for the period from April 1, 2000, to March 31, 2003. The approval requires TIFAC to maintain separate books of accounts for research activities, submit annual returns of scientific research activities by May 31 each year, and provide audited annual accounts and income and expenditure accounts by October 31 each year to designated authorities. Renewal applications should be submitted in triplicate well in advance for continued approval.
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