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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Approves Organization Under Section 35(1) of Income-tax Act for Research; Compliance and Renewal Required</h1> The Central Government has approved an organization under section 35(1) of the Income-tax Act, 1961, effective from April 1, 2001, to March 31, 2004. The organization must maintain separate accounts for its research activities and submit annual returns and audited accounts to relevant authorities by specified deadlines. The organization is advised to apply for renewal in triplicate and in advance to the Central Government through the appropriate tax authorities. The notification outlines compliance requirements, including submission of financial and research activity reports to designated officials.
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