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<h1>Nehru Memorial Museum Approved for Tax Benefits u/s 35(1)(iii) for Scientific Research Until 1986.</h1> The Nehru Memorial Museum and Library in New Delhi has been approved by the Department of Science & Technology as an institution under section 35(1)(iii) of the Income-tax Act, 1961. This approval is valid from September 1, 1983, to August 31, 1986. The institution must maintain separate accounts for funds received for scientific research, submit annual returns of its research activities by April 30 each year, and provide audited annual accounts and balance sheets by June 30 each year to the prescribed authority and the Commissioner of Income-tax.