Research expenditure approval requires separate research accounts, annual returns by April, and audited accounts by June. Approval of Banasthali Vidyapith College of Arts and Science as eligible under research expenditure provisions is effective for three years from 24 1 1983. Conditions require maintaining a separate account for research receipts; filing annual returns of research activities to the prescribed authority by 30 April in prescribed forms; and submitting audited annual accounts, income and expenditure statements, and balance sheet to the prescribed authority and the Commissioner of Income tax by 30 June each year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Research expenditure approval requires separate research accounts, annual returns by April, and audited accounts by June.
Approval of Banasthali Vidyapith College of Arts and Science as eligible under research expenditure provisions is effective for three years from 24 1 1983. Conditions require maintaining a separate account for research receipts; filing annual returns of research activities to the prescribed authority by 30 April in prescribed forms; and submitting audited annual accounts, income and expenditure statements, and balance sheet to the prescribed authority and the Commissioner of Income tax by 30 June each year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
