Approved Institution Muljibhai Patel Society for Research in Nephro-Urology, Nadiad, Gujarat u/s 35(1)(ii)
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Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited reporting to retain tax recognition.
Approval of the Muljibhai Patel Society for Research in Nephro-Urology, Nadiad, as an Association for research-related tax purposes is conditional on maintaining a separate account for research receipts, furnishing prescribed annual returns of scientific research activities to the prescribed authority by the annual deadline, and submitting audited annual accounts, including income and expenditure statements and a balance sheet, to the prescribed authority and the concerned tax commissioner by the stated annual deadline.