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of <h1>Organization Approved Under Section 35 of Income-tax Act for 2000-2003; Must Submit Annual Returns and Audited Accounts</h1> The Central Government has approved an organization for a specified period under section 35 of the Income-tax Act, 1961, effective from April 1, 2000, to March 31, 2003. The organization 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, audited annual accounts and income and expenditure statements must be submitted to relevant tax authorities by October 31. The organization is advised to apply for renewal of approval in advance, sending applications to both the Commissioner of Income Tax and the Department of Scientific and Industrial Research.
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