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<h1>Serum Institute of India Research Foundation approved for scientific research under Section 35(1)(ii) of Income-tax Act 1961.</h1> The Serum Institute of India Research Foundation, Poona, has been approved by the Department of Science & Technology under section 35(1)(ii) of the Income-tax Act, 1961, for scientific research in natural and applied sciences. The approval is valid from January 4, 1983, to December 31, 1983. The institution must maintain a separate account for research funds, submit annual research activity returns by April 30, and provide audited annual accounts and balance sheets by June 30 to the prescribed authority and the Commissioner of Income-tax.