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of <h1>Forbes Research Centre Approved as Scientific Research Association Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Forbes Research Centre in New Delhi has been approved as a Scientific Research Association under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from November 9, 1980, to November 8, 1982, is granted by the Secretary of the Department of Science & Technology. The Centre is required to maintain a separate account for funds received for scientific research in natural or applied sciences, excluding agriculture, animal husbandry, fisheries, and medicines. Additionally, it must submit an annual return of its research activities by April 30 each year.
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