Notified institution status under section 35 enables tax treatment for approved research, subject to annual filings and audited accounts. Approval designates M/s Centre for Development of Telematics as a Notified Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining separate research accounts, filing an annual scientific research return to the Secretary, DSIR by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and DSIR authorities by 31st October, alongside the income tax return; renewal applications must be filed in triplicate through the relevant Commissioner/Director and sent to the 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.
Notified institution status under section 35 enables tax treatment for approved research, subject to annual filings and audited accounts.
Approval designates M/s Centre for Development of Telematics as a Notified Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to maintaining separate research accounts, filing an annual scientific research return to the Secretary, DSIR by 31st May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and DSIR authorities by 31st October, alongside the income tax return; renewal applications must be filed in triplicate through the relevant Commissioner/Director and sent to the 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 
