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of <h1>Vastu-Shilpa Foundation approved for scientific research under Section 35(1)(ii) of Income-tax Act, 1961; exclusions apply.</h1> The Vastu-Shilpa Foundation for Studies and Research in Environmental Design, Ahmedabad, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicines. This approval, effective from July 7, 1981, to July 6, 1984, requires the Foundation to maintain separate accounts for funds received for scientific research and submit annual returns of its activities and accounts to the prescribed authority and the Commissioner of Income-tax by April 30 each year.
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