Salim Ali Centre in Coimbatore gets tax exemption for scientific research under Income-tax Act, Section 35(1)(iii).
The Central Government has approved the Salim Ali Centre for Ornithology and Natural History, Coimbatore, for tax exemption under section 35(1)(iii) of the Income-tax Act, 1961, effective from the 2013-2014 assessment year. This approval is granted for its activities as a 'Scientific Research Association,' with conditions including maintaining separate audited accounts for research funds and providing certified statements of donations and expenditures. The approval is contingent on compliance with these conditions, and failure to do so may result in withdrawal of the approval.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.