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<h1>Serum Institute of India Research Foundation Approved for Scientific Research Status Under Section 35 of Income-tax Act</h1> The Indian Council of Medical Research, New Delhi, as the prescribed authority under section 35 of the Income-tax Act, 1961, has approved the Serum Institution of India Research Foundation in Poona as a 'scientific research association' in the field of medical research. This approval is effective from January 4, 1980, to January 3, 1983. The association must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities, and provide an audited statement of accounts by May 31 each year to both the Council and the concerned Income-tax Commissioner.