APPROVAL BY THE CENTRAL GOVERNMENT TO THE HYDERABAD SCIENCE SOCIETY UNDER THE CATERGORY, UNIVERSITY, COLLEGE OR OTHER INSTITUTION FOR THE PERIOD FROM 1-4-2004 TO 31-3-2007
NOTIFICATION NO. 183/2005, DATED 13-72005
(i) The approved organization shall maintain separate accounts for its research activities.
(ii) For each of the financial years for which the 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 or 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:—
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.
Certifying that the expenditure incurred was for scientific research.