Scientific research association approval triggers tax recognition with separate accounts and annual reporting obligations for medical research institutes. Approval of All India Institute of Medical Sciences, New Delhi as a Scientific Research Association under clause (ii) of sub-section (1) of section 35 establishes tax recognition for medical research, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities to the prescribed authority by 31st May each year, and submitting annual audited accounts to the Council and the concerned Income-tax Commissioner within the same timeline.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Scientific research association approval triggers tax recognition with separate accounts and annual reporting obligations for medical research institutes.
Approval of All India Institute of Medical Sciences, New Delhi as a Scientific Research Association under clause (ii) of sub-section (1) of section 35 establishes tax recognition for medical research, subject to maintaining separate accounts for research receipts, furnishing annual returns of research activities to the prescribed authority by 31st May each year, and submitting annual audited accounts to the Council and the concerned Income-tax Commissioner within the same timeline.
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