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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Vedanta Cultural Foundation Receives Tax Approval Under Section 35 for 2003-2006; Must Submit Annual Returns and Accounts</h1> The Central Government has approved the Vedanta Cultural Foundation under Section 35 of the Income-tax Act, 1961, effective from August 1, 2003, to March 31, 2006. The foundation must maintain separate accounts for its research activities and submit annual returns to the Department of Scientific & Industrial Research by May 31 each year. Additionally, it must provide audited annual accounts and income and expenditure statements to relevant tax authorities by October 31 annually. The foundation is advised to apply for renewal of approval in advance through the appropriate tax authorities and send copies to the Department of Scientific and Industrial Research.
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