Scientific Research Association approval imposes separate research accounts and annual audited and activity returns under section 35(1)(ii). Maharogi Sewa Samiti is approved as a Scientific Research Association for medical research under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate accounts for research receipts; furnish annual activity returns to the prescribed authority by 31 May in prescribed form; and furnish an annual audited statement of accounts to the prescribed authority by 31 May and send a copy to the concerned Income tax Commissioner.
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 imposes separate research accounts and annual audited and activity returns under section 35(1)(ii).
Maharogi Sewa Samiti is approved as a Scientific Research Association for medical research under clause (ii) of sub section (1) of section 35 of the Income tax Act, subject to conditions: maintain separate accounts for research receipts; furnish annual activity returns to the prescribed authority by 31 May in prescribed form; and furnish an annual audited statement of accounts to the prescribed authority by 31 May and send a copy to the concerned Income tax Commissioner.
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