Research exemption approval requires separate research accounts, annual reporting, and audited submission to tax and research authorities. Approval granted to M/s Zandu Foundation for Health Care as an Association for research-related tax exemption subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited research income and expenditure accounts by 31st October each year to specified tax and research authorities, in addition to the regular income tax return; renewal applications must be submitted in triplicate through the tax exemption authority and copies sent to the Department.
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Research exemption approval requires separate research accounts, annual reporting, and audited submission to tax and research authorities.
Approval granted to M/s Zandu Foundation for Health Care as an Association for research-related tax exemption subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited research income and expenditure accounts by 31st October each year to specified tax and research authorities, in addition to the regular income tax return; renewal applications must be submitted in triplicate through the tax exemption authority and copies sent to the Department.
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