Approval for research institution tax exemption requires separate accounts, annual returns and audited submissions to designated authorities. Approval as an Institution under clause (ii) of sub section (1) of section 35 confers research-related tax benefits provided the organisation maintains separate research accounts, files an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submits audited annual accounts and audited income & expenditure accounts for the research activities to the designated tax and DSIR authorities by 31 October, alongside the income tax return.
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.
Approval for research institution tax exemption requires separate accounts, annual returns and audited submissions to designated authorities.
Approval as an Institution under clause (ii) of sub section (1) of section 35 confers research-related tax benefits provided the organisation maintains separate research accounts, files an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submits audited annual accounts and audited income & expenditure accounts for the research activities to the designated tax and DSIR authorities by 31 October, alongside the income tax return.
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