Viklang Kendra Rural Research Society Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act 1961

The Viklang Kendra Rural Research Society in Allahabad has been approved by the Department of Scientific and Industrial Research under section 35(1)(ii) of the Income-tax Act, 1961, effective from June 14, 1986, to March 31, 1988. The approval requires the institution to maintain separate accounts for scientific research funds, submit annual returns of research activities, and provide audited annual accounts and balance sheets to the prescribed authority and the Commissioner of Income-tax by specified deadlines. The association must also apply for approval extension three months before expiry to avoid rejection.

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