TMI BlogExemption under section 35(1)(ii)-Approved scientific research associations/institutions-M/s. National Council for Applied Economic Research, New DelhiX X X X Extracts X X X X X X X X Extracts X X X X ..... s. National Council for Applied Economic Research, New Delhi has been approved by the Central Government for the purpose of clause ( ii ) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2002 (assessment year 2003-04) onwards in the category of 'other Institution', partly en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he due date of furnishing the return of income under sub-section (1) of section 139 of the said Act; ( iv ) The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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