Scientific research association approval requires separate research accounts, annual scientific returns and audited accounts. Approval is granted to The Society for Prevention of Heart Diseases & Rehabilitation, Bombay as a scientific research association for purposes of section 35(1)(ii), conditional on maintaining a separate account for medical research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form, and furnishing the annual audited statement of accounts to the Council and a copy to the concerned Income-tax Commissioner by 31st May each year; approval is effective for a three-year period.
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Scientific research association approval requires separate research accounts, annual scientific returns and audited accounts.
Approval is granted to The Society for Prevention of Heart Diseases & Rehabilitation, Bombay as a scientific research association for purposes of section 35(1)(ii), conditional on maintaining a separate account for medical research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 31st May each year in the prescribed form, and furnishing the annual audited statement of accounts to the Council and a copy to the concerned Income-tax Commissioner by 31st May each year; approval is effective for a three-year period.
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