Research institution approval for tax-deduction eligibility with mandated accounting, annual reporting, and audited submission requirements. Approval of the organisation as an Institution for research-related tax deductions is conditional on maintaining separate research accounts and submitting an annual scientific return to the designated scientific department by the annual deadline. The Institution must also file audited annual accounts and audited income and expenditure accounts relating to the approved research activities with specified tax and scientific authorities by the stated annual due date, and file its return of income with the designated assessing officer. Renewal applications should be submitted in triplicate through the tax exemption office and three copies sent directly to the scientific department.
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 institution approval for tax-deduction eligibility with mandated accounting, annual reporting, and audited submission requirements.
Approval of the organisation as an Institution for research-related tax deductions is conditional on maintaining separate research accounts and submitting an annual scientific return to the designated scientific department by the annual deadline. The Institution must also file audited annual accounts and audited income and expenditure accounts relating to the approved research activities with specified tax and scientific authorities by the stated annual due date, and file its return of income with the designated assessing officer. Renewal applications should be submitted in triplicate through the tax exemption office and three copies sent directly to the scientific department.
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