Sponsored
    Follow Us:
Sponsored

Notification: S.O.3977

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

Statute: INCOME TAX

Date of Issue: 23/4/1982

It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, 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 of the Income-tax Rules, 1962, under the category of “Association” in the area of other natural and applied sciences subject to the following conditions :—

(i) That the Jain Foundation for Scientific Research and Development, New Delhi, will maintain a separate account of sums received by it for scientific research in the field of natural and applied sciences other than Agriculture/Animal Husbandry/Fisheries and medicines.

(ii) That the said Association will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.

(iii) That the said Foundation will submit the annual returns and statement of accounts to the Commissioner of Income-tax for every year.

Institution

Jain Foundation for Scientific Research and Development, New Delhi.

This notification is effective for a period of two years from 26-12-1981 to 25-12-1983.

[No. 4582/F. No. 203/193/80-ITA. (II)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031