Notification No
:
40
Section(s) Referred
: s.
35(1)(iii)
Date of Issue
:
26/2/2003
Notification No. 40 of 2003, dt. 26th Feb., 2003.
It is hereby notified for general information that the organisations
mentioned below have been approved by the Central Government for
the period mentioned against their names, for the purpose of clause
(iii) 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
'Institution' subject to the following conditions:
(i) The notified Institution shall maintain separate books of accounts
for its research activities;
(ii) The notified Institution shall furnish the Annual Return of its
scientific research activities to the Secretary, Department of Scientific
& Industrial Research, Technology Bhawan, New Mehrauli Road, New
Delhi-110016 for every financial year on or before 31st May of each
year;
(iii) The notified Institution shall submit, on behalf of the Central
Government, to (a) the Director General of Income-tax (Exemptions),
10 Middleton Row, 5th Floor, Calcutta-700071, (b) the Secretary,
Department of Scientific & Industrial Research, and (c) the
Commissioner of Income-tax/Director of Income-tax (Exemptions),
having jurisdiction over the organisation, on or before the 31st
October each year, a copy of its audited Annual Accounts and also a
copy of audited Income & Expenditure Account in respect of its
research activities for which exemption was granted under sub-section
(1) of section 35 of Income-tax Act, 1961 in addition to the return of
income-tax to the designated Assessing Officer.
S. Name of the organisation approved
Period for
which
No. Notification
is effective
1. M/s Jnana Probhodhini Samshodhan
1-4-2001 to
31-3-2004
Sanstha, Jnana Probhodhini Bhawan,
510, Sadashiv Peth, Pune-411030.
Notes: The notified Institution are advised to apply in triplicates and
well in advance for renewal of the approval, to the Central Government
through the Commissioner of Income-tax/Director of Income-tax
(Exemptions) having jurisdiction. Three copies of application for
renewal of approval shall also be sent directly to the Secretary,
Department of Scientific and Industrial Research.
[F. No. 203/60/2002-ITA-II]