Research association approval confers tax recognition subject to separate research accounts and annual audited returns. Approval is granted to Bhagwan Mahavir Memorial Trust, Hyderabad as a Scientific Research Association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to conditions: maintain a separate account for medical research receipts; furnish annual returns of research activities to the Council by 31st May in prescribed form; and furnish an annual audited statement of accounts to the Council by 31st May and send a copy to the Income-tax Commissioner. The approval is effective for two years from 3rd March, 1982.
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Research association approval confers tax recognition subject to separate research accounts and annual audited returns.
Approval is granted to Bhagwan Mahavir Memorial Trust, Hyderabad as a Scientific Research Association under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, subject to conditions: maintain a separate account for medical research receipts; furnish annual returns of research activities to the Council by 31st May in prescribed form; and furnish an annual audited statement of accounts to the Council by 31st May and send a copy to the Income-tax Commissioner. The approval is effective for two years from 3rd March, 1982.
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