India Foundation for Development Approved for Scientific Research Under Section 35(1)(iii) of Income-tax Act 1961

The India Foundation for Development in Manipal, Karnataka, has been approved by the Department of Scientific and Industrial Research, New Delhi, under section 35(1)(iii) of the Income-tax Act, 1961, for scientific research purposes. The institution must maintain a separate account for funds received for scientific research, submit annual returns of its research activities by May 31 each year, and provide audited annual accounts and balance sheets by June 30 to the prescribed authority, the Central Board of Direct Taxes, and the relevant Commissioner of Income-tax. This approval is valid from April 1, 1982, to December 31, 1985.

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