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of <h1>National Institute of Construction Management Approved for Tax Benefits Under Section 35(1)(ii) for 2001-2004.</h1> M/s National Institute of Construction Management has been approved under section 35(1)(ii) of the Income Tax Act, 1961, effective from April 1, 2001, to March 31, 2004. The approval requires the institution to maintain separate accounts for research activities, submit annual scientific research activity returns by May 31 each year, and provide audited annual accounts and income and expenditure accounts by October 31 annually to specified authorities. The institution must apply for renewal in triplicate, in advance, through the Commissioner or Director of Income Tax (Exemptions) and send copies to the Secretary, Department of Scientific and Industrial Research.
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