Notification: S.O.2042

Section(s) Referred: 35 ,35(1) ,35(1)(ii)

Statute: INCOME TAX

Date of Issue: 29/5/1980

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “scientific research association” in the field of Medical Research subject to the following conditions :–

(i) That the Trust will maintain a separate account of the sums received by it for scientific research in the field of medical research ;

(ii) That the Trust will furnish annual returns of its scientific research activities to the Council for each year by 31st May, each year at the latest in such form as may be laid down and intimated to them for this purpose ;

(iii) That the Trust will furnish an annual audited statement of accounts to the Council for each year by 31st May, each year and in addition send a copy of it to the concerned Income-tax Commissioner.

Institution (Scientific Research Association)

Vithaldas Tulsidas Desai Charity Trust, Nadiad, Gujarat.

This notification is effective for a period of 3 years form 12-5-1980 to 11-5-1983.

[No. 3422 (F. No. 203/151/80-ITA. II)

More Under Income Tax

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

March 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031