NOTIFICATION NO. 35/2006, DATED 20-2-2006
It is hereby notified for general information that the organization M/s Institute of Kidney Diseases & Research Centre, Civil Hospital Campus, Ahmedabad 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, read with Rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2004 to 31-3-2007 under the category ‘University, College or other Institution’ partly engaged in research activities (and not as a scientific research association existing solely for research) subject to the following conditions:‑
(i) The approved organization shall maintain separate accounts for its research activities.
(ii) For each of the financial years for which this approval is being given, the approved organization shall submit a copy of its audited Income and Expenditure account in respect of the research activities for which it has been approved under sub-section (1) of section 35 of Income-tax Act, 1961 to the Commissioner of Income Tax/Director of Income-tax (Exemptions) having jurisdiction, on or before the due date of filing of return of income or within 90 days from the date of this notification, whichever expires later.
(iii) The approved organization shall also enclose with the Income and Expenditure account referred to in paragraph (ii) above, a certificate from the auditor:‑
(a) specifying the amount received by the organization for scientific research in respect of which the donors are eligible to claim deduction under clause (ii) of sub-section (1) of section 35.
(b) certifying that the expenditure incurred was for scientific research.
[F. NO. 203/13/2006-ITA-II]