Exemption Under Section 35(1)(ii)- Indian Academy of Science, Bangalore

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..... ation Indian Academy of Science, Bangalore 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), with effect from Assessment Year 2010-11 onwards in the category of 'other Institution', partly engaged in research activities subject to .....

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..... return of income under sub-section (1) of section 139 of the said Act; ( iv ) The approved organization shall maintain a separate statement 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 or .....

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