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of <h1>Fluid Control Research Institute Approved for Tax Benefits Under Section 35(1) of Income-tax Act, 1961</h1> The Central Government has approved an organization, M/s Fluid Control Research Institute, under sub-section (1) of section 35 of the Income-tax Act, 1961, for the period from April 1, 2002, to March 31, 2005. This approval, under the category 'Association,' is subject to conditions including maintaining separate books for research activities, submitting annual returns of scientific research activities, and providing audited accounts to relevant authorities by specified deadlines. The organization must apply for renewal in advance through the Commissioner or Director of Income-tax (Exemptions) and send copies to the Department of Scientific and Industrial Research.
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