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    <title>Approved M/s BAIF Development Research Foundation section 35(1) of the Income-tax Act, 1961</title>
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    <description>Approval under section 35(1) as an Association is subject to maintaining separate books for research, furnishing an Annual Return of scientific research activities to the Secretary, Department of Scientific &amp; Industrial Research by 31 May each year, and submitting by 31 October audited Annual Accounts and audited Income &amp; Expenditure Accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific &amp; Industrial Research, and the Commissioner/Director of Income-tax (Exemptions), in addition to filing the income-tax return with the designated Assessing Officer.</description>
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