https://www.taxtmi.com/notifications?id=23029 TIFAC is approved as an Institution for section 35(1)(ii) purposes, subject to conditions that sums paid be used for scientific research, research be conducted through faculty or enrolled students, and that separate books of account be maintained and audited by a qualified accountant. The audited report and an auditor-certified statement of donations applied to research must be furnished to the tax authorities by the due date for filing the income-tax return. Approval may be withdrawn for failure to maintain books, to furnish the audit report or donation statement, for cessation or non-genuineness of research activity, or for non-compliance with the applicable rules. en-us Wed, 28 Jul 2010 00:00:00 +0530 Sat, 31 Jul 2010 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23029 TIFAC is approved as an Institution for section 35(1)(ii) purposes, subject to conditions that sums paid be used for scientific research, research be conducted through faculty or enrolled students, and that separate books of account be maintained and audited by a qualified accountant. The audited report and an auditor-certified statement of donations applied to research must be furnished to the tax authorities by the due date for filing the income-tax return. Approval may be withdrawn for failure to maintain books, to furnish the audit report or donation statement, for cessation or non-genuineness of research activity, or for non-compliance with the applicable rules. Notifications Income Tax Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23029