Research institution approval secures tax exemption following recognition by the prescribed authority under income tax law. Christian Medical College & Hospital, Vellore has been approved by the Indian Council of Medical Research as the prescribed authority's recognized ... Summary
Research institution approval secures tax exemption following recognition by the prescribed authority under income tax law.
Christian Medical College & Hospital, Vellore has been approved by the Indian Council of Medical Research as the prescribed authority's recognized institution for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, thereby recording its eligibility for the research-related tax exemption under that provision.
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