Scientific research association approval requires separate research accounts, annual returns and audited statements to tax authorities. Approval is granted to The Charutar Arogya Mandal as a scientific research association for purposes of the Income-tax Act, subject to three conditions: maintain a separate account for medical research receipts; furnish annual returns of scientific research activities to the prescribed authority in the required form by the annual deadline; and furnish a copy of the annual audited statement of accounts to the prescribed authority and to the concerned tax commissioner by the same annual deadline. The approval is effective for a specified notification period.
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Scientific research association approval requires separate research accounts, annual returns and audited statements to tax authorities.
Approval is granted to The Charutar Arogya Mandal as a scientific research association for purposes of the Income-tax Act, subject to three conditions: maintain a separate account for medical research receipts; furnish annual returns of scientific research activities to the prescribed authority in the required form by the annual deadline; and furnish a copy of the annual audited statement of accounts to the prescribed authority and to the concerned tax commissioner by the same annual deadline. The approval is effective for a specified notification period.
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