Research institution approval requires audited separate research accounts and certified donation statements, noncompliance risks withdrawal. Semi Conductor Laboratory, Mohali is approved as an other institution partly engaged in scientific research for the purposes of clause (ii) of sub section (1) of section 35, effective 1 4 2006, subject to conditions: sums must be used for scientific research; research must be conducted by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report furnished by the income tax return due date; and a separately certified statement of donations and sums applied for research must accompany the audit report.
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Research institution approval requires audited separate research accounts and certified donation statements, noncompliance risks withdrawal.
Semi Conductor Laboratory, Mohali is approved as an other institution partly engaged in scientific research for the purposes of clause (ii) of sub section (1) of section 35, effective 1 4 2006, subject to conditions: sums must be used for scientific research; research must be conducted by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report furnished by the income tax return due date; and a separately certified statement of donations and sums applied for research must accompany the audit report.
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