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<h1>Poona Medical Research Foundation Approved Under Section 35 of Income Tax Act for 2002-2004; Compliance Details Outlined.</h1> The Central Government has approved M/s Poona Medical Research Foundation under sub-section (1) of section 35 of the Income Tax Act, 1961, effective from April 1, 2002, to March 31, 2004. The organization must maintain separate books for research activities and submit annual returns of its scientific research to the Department of Scientific & Industrial Research by May 31 each year. Additionally, audited accounts and income-expenditure statements must be submitted to relevant authorities by October 31 annually. For renewal, applications should be submitted in triplicate to the appropriate authorities well in advance.