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<h1>Government Approves Organization Under Section 35 of Income-tax Act for Research Activities; Compliance and Renewal Guidelines Issued.</h1> The Central Government has approved an organization for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, effective from November 2, 2000, to March 31, 2003. The organization must maintain separate books for its research activities, submit annual scientific research activity returns by May 31 each year, and provide audited accounts to relevant authorities by October 31 annually. The organization is advised to apply for renewal in triplicate to the Central Government through the Commissioner of Income-tax/Director of Income-tax (Exemptions) and the Department of Scientific and Industrial Research.