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of <h1>Institute Approved for Tax Benefits Under Section 35 of Income-tax Act, 1961; Must Submit Annual Returns and Accounts</h1> The Central Government has approved an organization, anonymized here as 'the Institute,' under section 35 of the Income-tax Act, 1961, for the period from April 1, 2000, to March 31, 2003. The Institute must maintain separate accounts for its research activities and submit annual returns to the Department of Scientific & Industrial Research by May 31 each year. It must also provide audited annual accounts and income and expenditure accounts to relevant tax authorities by October 31 annually. Renewal applications should be submitted in triplicate well in advance to the appropriate tax authorities and the Department of Scientific and Industrial Research.
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