Scientific research association approval conditions research accounting, annual audited accounts and reporting obligations to tax authorities. Approval as a scientific research association is granted subject to maintaining separate accounts for medical research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year, and submitting annual audited statements of accounts to that authority with a copy sent to the concerned Income-tax Commissioner; the approval is effective for a limited specified period and is recorded by official notification.
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 conditions research accounting, annual audited accounts and reporting obligations to tax authorities.
Approval as a scientific research association is granted subject to maintaining separate accounts for medical research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year, and submitting annual audited statements of accounts to that authority with a copy sent to the concerned Income-tax Commissioner; the approval is effective for a limited specified period and is recorded by official notification.
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