For the purpose of Section 35(1)(ii) - organization Banaras Hindu University, Varanasi - 221 005 (Uttar Pradesh) has been approved - 193/2005 - Income Tax

For the purpose of Section 35(1)(ii) - organization Banaras Hindu University , Varanasi (Uttar Pradesh) has been approved NOTIFICATION No. 193/2005, Dated 18-8-2005 It is hereby notified for general information that the organization Banaras Hindu University, Varanasi - 221 005 (Uttar Pradesh) 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, university, partly engaged in research activities (and not as a 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. [F.No. 203/58/2004-ITA-II]