Scientific research association approval enables tax-deduction eligibility subject to separate accounting and annual reporting to prescribed authority. Approval under section 35(1)(ii) is granted to Banasthali Vidyapith College of Arts and Science as a Scientific Research Association in other natural or applied sciences (excluding certain fields). The approval, issued by the prescribed authority, is conditional on maintaining a separate account for research receipts and furnishing an annual return of scientific research activities to the prescribed authority in the prescribed form by 30th April each year; the notification is effective for three years from 24-1-1980 to 23-1-1983.