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of <h1>Maharashtra Medical Research Society Approved as Scientific Research Association Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Maharashtra Medical Research Society, Pune, has been approved by the Central Government as a 'scientific research association' under Section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2003. The organization must focus solely on scientific research, conduct research independently, maintain audited accounts, and submit audit reports and donation statements to the relevant tax authorities. Approval may be revoked if the organization fails to maintain accounts, submit required reports, or ceases genuine research activities. Compliance with the specified rules and regulations is mandatory to retain approval.
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