Research tax exemption approval requires separate research accounts, annual scientific returns and audited research accounts submitted by October. Approval of Kidwai Memorial Institute of Oncology as an Institution for research-related deduction is conditional on maintaining separate research accounts, filing an annual scientific return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October each year, alongside the income-tax return; renewal applications must be filed in triplicate and copies sent to the Secretary, DSIR.
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 tax exemption approval requires separate research accounts, annual scientific returns and audited research accounts submitted by October.
Approval of Kidwai Memorial Institute of Oncology as an Institution for research-related deduction is conditional on maintaining separate research accounts, filing an annual scientific return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income Tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October each year, alongside the income-tax return; renewal applications must be filed in triplicate and copies sent to the Secretary, DSIR.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
