Scientific research association approval requires separate research accounts and annual audited returns to authority by prescribed deadlines. Approval is granted for recognition as a Scientific Research Association in medical research, subject to conditions: maintain separate accounts for research receipts; furnish annual audited accounts to the authority and a copy to the Income tax Commissioner; and submit annual returns of scientific research activities in the prescribed form by the specified annual deadline.
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 requires separate research accounts and annual audited returns to authority by prescribed deadlines.
Approval is granted for recognition as a Scientific Research Association in medical research, subject to conditions: maintain separate accounts for research receipts; furnish annual audited accounts to the authority and a copy to the Income tax Commissioner; and submit annual returns of scientific research activities in the prescribed form by the specified annual deadline.
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