Research approval under section 35 allows institution tax-exemption subject to annual returns, audited accounts, and renewal. Deen Dayal Research Institute is approved as an Institution to claim tax benefits for scientific research for the period 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October annually, in addition to filing its income tax return; renewal must be applied for in triplicate.
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 allows institution tax-exemption subject to annual returns, audited accounts, and renewal.
Deen Dayal Research Institute is approved as an Institution to claim tax benefits for scientific research for the period 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October annually, in addition to filing its income tax return; renewal must be applied for in triplicate.
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