Research institution approval requires separate research accounts, annual DSIR return, audited research accounts and renewal applications. Approval is granted to Vasantdada Sugar Institute as an Institution for tax relief relating to scientific research, subject to maintaining separate research books and compliance with reporting and audit obligations. The institution must file an Annual Return of scientific research activities with the Department of Scientific & Industrial Research by the annual deadline, and submit audited annual accounts and audited income and expenditure accounts for research to specified tax and research authorities by the annual deadline, in addition to its income tax return. Renewal applications must be made in triplicate through the tax authority and copies sent to the research department.
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.
Research institution approval requires separate research accounts, annual DSIR return, audited research accounts and renewal applications.
Approval is granted to Vasantdada Sugar Institute as an Institution for tax relief relating to scientific research, subject to maintaining separate research books and compliance with reporting and audit obligations. The institution must file an Annual Return of scientific research activities with the Department of Scientific & Industrial Research by the annual deadline, and submit audited annual accounts and audited income and expenditure accounts for research to specified tax and research authorities by the annual deadline, in addition to its income tax return. Renewal applications must be made in triplicate through the tax authority and copies sent to the research department.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
