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of <h1>Government Approves Organization for Scientific Research (2000-2003) Under Section 35 of Income-tax Act 1961</h1> The Central Government has approved an organization for the period from April 1, 2000, to March 31, 2003, under section 35 of the Income-tax Act, 1961, for scientific research purposes. The organization must maintain separate accounts for research activities, submit annual returns of its scientific research to the Department of Scientific & Industrial Research by May 31 each year, and provide audited annual accounts and income and expenditure statements to relevant authorities by October 31 annually. The organization is advised to apply for renewal of approval well in advance through the appropriate tax authorities.
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