Approval as scientific research association permits tax treatment subject to research only purpose, audit and reporting conditions. Approval is granted to Sir Hurkisondas Nurrotumdas Medical Research Society as a scientific research association for tax purposes, subject to maintaining books of account, obtaining an annual audit by a qualified accountant and furnishing the audit report by the due date, and maintaining an auditor certified statement of donations received and amounts applied to scientific research to be attached to the audit report; approval may be withdrawn for failure to comply, cessation of genuine research, or other breaches of the approval conditions.
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.
Approval as scientific research association permits tax treatment subject to research only purpose, audit and reporting conditions.
Approval is granted to Sir Hurkisondas Nurrotumdas Medical Research Society as a scientific research association for tax purposes, subject to maintaining books of account, obtaining an annual audit by a qualified accountant and furnishing the audit report by the due date, and maintaining an auditor certified statement of donations received and amounts applied to scientific research to be attached to the audit report; approval may be withdrawn for failure to comply, cessation of genuine research, or other breaches of the approval conditions.
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 
