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of <h1>Central Government Approves St. Xavier's College Trust for Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> St. Xavier's College Kolkata Educational Trust has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, for its research activities effective from April 1, 2007. The approval mandates that funds received must be used for scientific research conducted by faculty or students, with separate audited accounts maintained for these funds. The organization must also submit an audit report and a certified statement of donations and expenditures for research to the relevant tax authority. The approval is contingent upon obtaining further clearance from the Department of Scientific and Industrial Research by September 30, 2008, and may be revoked if conditions are not met.
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