Notified Organization Schizophrenia Research Foundation (India), Chennai u/s 35(1)(ii)

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..... rch Foundation (India), Chennai, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2006 in the category of "other Institution", partly engaged in research activities subject to the following conditions, namely : .....

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..... the said Act (iv) The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization :— (a) fails to maintain separate books of account re .....

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