Research approval under section 35 imposes specified accounting and annual reporting obligations for tax-exemption compliance. Approval was granted to The Institute of Chartered Accountants of India as an Association under section 35, conditioned on maintaining separate research books, filing an annual research return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and research authorities by 31st October, in addition to the income-tax return; renewal applications must be submitted in triplicate through tax authorities and directly to the Department.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research approval under section 35 imposes specified accounting and annual reporting obligations for tax-exemption compliance.
Approval was granted to The Institute of Chartered Accountants of India as an Association under section 35, conditioned on maintaining separate research books, filing an annual research return to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated tax and research authorities by 31st October, in addition to the income-tax return; renewal applications must be submitted in triplicate through tax authorities and directly to the Department.
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