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<h1>Shri Ayurveda Mahavidyalaya Approved for Scientific Research Under Section 35(1)(ii) of Income-tax Act, 1961</h1> Shri Ayurveda Mahavidyalaya of Bhartiya Samanvaya Samiti, Nagpur, has been approved by the Indian Council of Medical Research as a 'scientific research association' under section 35(1)(ii) of the Income-tax Act, 1961. This approval is effective for two years from September 18, 1981. The institution must maintain a separate account for medical research funds, submit an annual return of its scientific research activities by May 31 each year, and provide an annual audited statement of accounts to both the Council and the relevant Income-tax Commissioner.