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of <h1>Jai Research Foundation Approved for Scientific Research Under Section 35(1)(ii), Income-tax Act 1961, Effective April 1999</h1> The Jai Research Foundation Society in Valsad, Gujarat, has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 1999. This approval is for its classification as an institution partly engaged in scientific research. Conditions for this approval include the utilization of funds for scientific research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and providing certified statements of donations and expenditures. The approval may be withdrawn if the organization fails to comply with these conditions or ceases genuine research activities.
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