Research exemption approval requires maintenance of separate accounts, annual reporting to authorities, and audited submissions. K.J. Research Foundation is approved as an Association under clause (ii) of sub section (1) of section 35 for the period 1 April 2000 to 31 March 2003, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research activities to designated authorities by 31 October each year, in addition to filing its income tax return; renewal applications must be made in triplicate and sent to the Secretary, DSIR.
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Research exemption approval requires maintenance of separate accounts, annual reporting to authorities, and audited submissions.
K.J. Research Foundation is approved as an Association under clause (ii) of sub section (1) of section 35 for the period 1 April 2000 to 31 March 2003, subject to maintaining separate books for research, filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research activities to designated authorities by 31 October each year, in addition to filing its income tax return; renewal applications must be made in triplicate and sent to the Secretary, DSIR.
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