https://www.taxtmi.com/notifications?id=22825 Baun Foundation Trust is approved as an eligible organization for scientific research expenditure purposes, subject to conditions: funds must be used for research conducted by faculty or enrolled students; separate books and a certified statement of donations and applications for research must be maintained; books must be audited by a qualified accountant and the audit report furnished to the tax authorities by the income tax return due date. Approval may be withdrawn for failure to maintain accounts, furnish audit reports or donation statements, cessation of genuine research activity, or noncompliance with statutory conditions. en-us Tue, 27 Apr 2010 00:00:00 +0530 Tue, 04 May 2010 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22825 Baun Foundation Trust is approved as an eligible organization for scientific research expenditure purposes, subject to conditions: funds must be used for research conducted by faculty or enrolled students; separate books and a certified statement of donations and applications for research must be maintained; books must be audited by a qualified accountant and the audit report furnished to the tax authorities by the income tax return due date. Approval may be withdrawn for failure to maintain accounts, furnish audit reports or donation statements, cessation of genuine research activity, or noncompliance with statutory conditions. Notifications Income Tax Tue, 27 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22825