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of <h1>Birla Archaeological Institute Gains Approval for Scientific Research Funding Under Section 35(1)(ii) of Income-tax Act 1961</h1> The Birla Archaeological & Cultural Research Institute in Hyderabad has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Department of Science & Technology, New Delhi. This approval, effective from January 1, 1982, to December 31, 1984, requires the institute to maintain separate accounts for funds received for scientific research in natural and applied sciences, excluding agriculture, animal husbandry, fisheries, and medicine. The institute must submit annual returns of its scientific research activities by April 30 and audited financial accounts by June 30 each year to the prescribed authority and the Commissioner of Income-tax.
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