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of <h1>Jaslok Hospital Approved Under Section 35(1)(ii) for Research; Must Maintain Audited Accounts and Submit Reports</h1> Jaslok Hospital and Research Centre, Mumbai, has been approved by the Central Government under section 35(1)(ii) of the Income-tax Act, 1961, effective from April 1, 2002. This approval categorizes the organization as an institution partly engaged in research activities. Conditions for approval include utilizing funds for scientific research, conducting research through faculty or students, maintaining separate audited accounts for research funds, and submitting audit reports and donation statements to tax authorities. The approval may be revoked if the organization fails to meet these conditions or ceases genuine research activities.
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