For the purpose of Section 35(1)(ii) - organization M.S. Swaminathan Research Foundation, 3rd Cross Road, Taramani Institutional Area, Chennai has been approved - 169/2005 - Income Tax

For the purpose of Section 35(1)(ii) - organization M.S. Swaminathan Research Foundation, 3 rd Cross Road, Taramani Institutional Area, Chennai has been approved NOTIFICATION NO. 169/2005, DATED 24-6-2005 It is hereby notified for general information that the organization M.S. Swaminathan Research Foundation, 3 rd Cross Road, Taramani Institutional Area, Chennai - 600113 has been approved by the Central Government 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 for the period from 1.4.2004 to 31.3.2007 under the category of '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 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: - ( 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. Note: Condition ( i ) above will not apply to the organization categorized as "Association". [F.No.203/89/2004-ITA-II]