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of <h1>Auroville Foundation Approved Under Section 35(1)(iii) of Income Tax Act, 1961, With Specific Reporting Requirements</h1> The Central Government has approved the Auroville Foundation under section 35(1)(iii) of the Income Tax Act, 1961, effective from April 1, 2000, to March 31, 2003. As part of this approval, the Foundation must maintain separate accounts for its research activities and submit an annual return of these activities to the Department of Scientific & Industrial Research by May 31 each year. Additionally, audited annual accounts and an income and expenditure account must be submitted to the designated authorities by October 31 annually.
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