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The Central govt. notified the "M/s. B.Y.L.NairCharitableHospital and T.N.MedicalCollege Research Society" under section 35(1)(ii) of the Income-tax Act, 1961 - 226/2004 - Income TaxExtract The Central govt. notified the "M/s. B. Y. L. Nair Charitable Hospital and T. N. Medical College Research Society" under section 35(1)(ii) of the Income-tax Act, 1961 Notification No. 226/2004 Dated 23 -8-2004 It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category "Association" subject to the following conditions :— (i) The organisation shall maintain separate books of account for its research activities ; (ii) The notified institution shall furnish the annual return of its scientific research activities to the Secretary, Department of Scientific and Industrial Research, "Technology Bhawan", New Mehrauli Road, New Delhi-110 016, for every financial year on or before 31th May of each year ; (iii) The notified institution shall submit, on behalf of the Central Government, to (a) the Director General of Income tax (Exemption), Aayakar Bhawan, 9th and 10th Floor, Sector 3, Vaishali, Ghaziabad ; (b) the Secretary, Department of Scientific and Industrial Research, and (c) the Commissioner of Income tax/Director of Income tax (Exemptions) having jurisdiction over the organisation, on or before the 31st October each year, a copy of its audited annual accounts and also a copy of audited income and expenditure account in respect of its research activities for which exemption was granted under sub-section (1) of section 35 of the Income-tax Act, 1961, in addition to the return of income tax to the designated Assessing Officer. S. No. Name of the organisation approved Period for which notification is effective 1. M/s. B. Y. L. Nair Charitable Hospital and T. N. Medical College Research Society, Dr. A. L. Nair Road, Mumbai-400 008 1-4-2000 to 31-3-2003. Notes : (i) Condition (i) above will not apply to the organisation categorized as "Association". (ii) The notified association is advised to apply in triplicates as well in advance for further renewal of the approval, to the Central Government through the Commissioner of Income tax/Director of Income tax (Exemptions) having jurisdiction. Three copies of the application for renewal of approval should also be sent directly to the Secretary, Department of Scientific and Industrial Research. (F. No. 203/38/2001/ITA-II(Vol III)
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