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of <h1>Eye Research Foundation Approved for Tax Benefits Under Section 35 of Income Tax Act, 1961</h1> The Central Government has approved an organization, referred to as M/s The Eye Research Foundation, under sub-section (1) of section 35 of the Income Tax Act, 1961, for the period from April 1, 2002, to March 31, 2005. This approval is subject to conditions, including maintaining separate books for research activities, submitting annual returns of scientific research activities by May 31 each year, and providing audited annual accounts and income and expenditure accounts by October 31 each year. The organization must apply for renewal in triplicate well in advance through the appropriate tax authorities.
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