Research association approval under income tax research provision: Foundation authorised subject to separate accounts and annual audited returns. Approval of Foundation for Medical Research, Bombay as a scientific research association under the income tax research provision is granted subject to maintaining a separate account for medical research receipts, furnishing annual returns of research activities to the Indian Council of Medical Research by 31 May in the prescribed form, and submitting the annual audited statement of accounts to the Council by 31 May with a copy to the concerned Income tax Commissioner; the recognition is effective from 15 January 1980 to 14 January 1983.
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Research association approval under income tax research provision: Foundation authorised subject to separate accounts and annual audited returns.
Approval of Foundation for Medical Research, Bombay as a scientific research association under the income tax research provision is granted subject to maintaining a separate account for medical research receipts, furnishing annual returns of research activities to the Indian Council of Medical Research by 31 May in the prescribed form, and submitting the annual audited statement of accounts to the Council by 31 May with a copy to the concerned Income tax Commissioner; the recognition is effective from 15 January 1980 to 14 January 1983.
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