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of <h1>Rajkot Cancer Society approved under Section 35 of Income Tax Act for research, must maintain separate accounts and submit annual returns.</h1> The Central Government has approved an organization, referred to as M/s Rajkot Cancer Society, under section 35 of the Income Tax Act, 1961, for the period from April 1, 2001, to March 31, 2004. The organization is required to maintain separate accounts for its research activities and submit annual returns of its scientific research activities by May 31 each year. Additionally, it must provide audited financial statements by October 31 annually to specified tax authorities. The organization should apply in triplicate for renewal of approval well in advance through the appropriate tax authorities.
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