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of <h1>Centre for Materials for Electronics Technology Gains Income Tax Act Section 35 Approval; Must Maintain Separate Research Accounts</h1> The Centre for Materials for Electronics Technology has been approved by the Central Government under section 35 of the Income-tax Act, 1961, effective from April 1, 1999, to March 31, 2001. The organization must maintain separate accounts for its research activities and submit annual returns and audited accounts to relevant authorities by specified deadlines. It is also advised to apply for renewal of this approval in advance, sending applications to both the Commissioner of Income Tax/Director of Income Tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research.
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