Central Government Approves Organization Under Section 35(1)(ii) of Income Tax Act for 2002-2005 Period

The Central Government has approved an organization located in Ghanapur Village, Medchal Mandal, Andhra Pradesh, under section 35(1)(ii) of the Income Tax Act, 1961, for the period from April 1, 2002, to March 31, 2005. The organization must maintain separate accounts for its research activities and submit annual returns of its scientific research to the Department of Scientific & Industrial Research by May 31 each year. Additionally, it must provide audited annual accounts and income statements to various tax authorities by October 31 each year. The organization is advised to apply for renewal of approval in advance.

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