Scientific research association approval requires sole research purpose, audited accounts and certified donation-use statements or withdrawal may follow. Approval as a scientific research association is conditional: the organization must have sole objective of undertaking scientific research, carry out research itself, maintain books of account and obtain an audit by a qualified accountant with the audit report furnished to the tax jurisdictional authority by the return filing due date, and maintain an auditor-certified statement of donations received and applied to scientific research to accompany the audit report.
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.
Scientific research association approval requires sole research purpose, audited accounts and certified donation-use statements or withdrawal may follow.
Approval as a scientific research association is conditional: the organization must have sole objective of undertaking scientific research, carry out research itself, maintain books of account and obtain an audit by a qualified accountant with the audit report furnished to the tax jurisdictional authority by the return filing due date, and maintain an auditor-certified statement of donations received and applied to scientific research to accompany the audit report.
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