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of <h1>Madras Diabetes Research Foundation Approved for Tax Benefits Under Section 35(1)(ii) of Income Tax Act, 1961</h1> The Central Government has approved the organization, M/s Madras Diabetes Research Foundation, under section 35(1)(ii) of the Income Tax Act, 1961, effective from April 1, 2002, to March 31, 2005. The approval, categorized under 'Association,' requires the organization to maintain separate accounts for research activities, submit annual scientific research activity returns by May 31, and provide audited annual accounts and income-expenditure accounts by October 31 each year. Renewal applications should be submitted in triplicate to the relevant authorities before the approval period ends.
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