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<h1>Punjab Agricultural University Gains Tax Exemption for Scientific Research Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Punjab Agricultural University in Ludhiana has been approved by the Secretary of the Department of Science & Technology, New Delhi, as an institution eligible for tax exemption under section 35(1)(ii) of the Income-tax Act, 1961. This approval pertains to scientific research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The university must maintain separate accounts for funds received for such research and submit an annual return of its scientific research activities to the prescribed authority by April 30 each year. This notification is effective from June 16, 1976.