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Exemption u/s 35(1) research activities - International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad - 04/2011 - Income Tax

Extract

..... NOTIFICATION NO. 04/2011 [F.NO.203/27/2010/IT(A-II)], DATED 19-1-2011 It is hereby notified for general information that the organization International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad 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), from Assessment year 2009-10 onwar .....

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Exemption u/s 35(1) research activities - International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad - 04/2011 - Income Tax

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..... tement 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 the approval if the approved organization :- (a) fails to maintain separate books of account referred to in sub-paragraph (iii) of paragraph 1; or (b) fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or (c) fails to furnish its statemen .....

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Exemption u/s 35(1) research activities - International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad - 04/2011 - Income Tax

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