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of <h1>India Heritage Research Foundation Approved Under Section 35(1) for Tax Benefits; Must Maintain Separate Accounts and Submit Returns</h1> The Central Government has approved the India Heritage Research Foundation Parmarth Mandir Premises under section 35(1) of the Income-tax Act, 1961, for the period from April 1, 2000, to March 31, 2003. The institution must maintain separate accounts for its research activities and submit annual returns to the Department of Scientific & Industrial Research by May 31 each year. Additionally, audited annual accounts and income & expenditure accounts must be submitted to relevant tax authorities by October 31 each year. The institution is advised to apply for renewal of approval in advance through appropriate channels.
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