Research institution approval: tax exemption clause applies following prescribed authority recognition of a qualifying institution. The Oil Technologists Association of India, Kanpur has been recognized by the prescribed authority, the Council of Scientific & Industrial Research, and notified as an approved institution for purposes of the tax exemption clause relating to payments to approved institutions for scientific research under the Income-tax law.
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Research institution approval: tax exemption clause applies following prescribed authority recognition of a qualifying institution.
The Oil Technologists Association of India, Kanpur has been recognized by the prescribed authority, the Council of Scientific & Industrial Research, and notified as an approved institution for purposes of the tax exemption clause relating to payments to approved institutions for scientific research under the Income-tax law.
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