Notification No. 46/2010, dated 21-6-2010: Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions

[CA Students Forum]

Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research
expenditure – Approved scientific research associations/institutions


Notification No. 46/2010, dated 21-6-2010



It is hereby notified for general information that the organization
Bhartiya Vaidayak Samanvaya Samiti, Nagpur has been approved by the
Central Government for the purpose of clause (ii) of sub-section (I)
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), from Assessment
year 2010-2011 onwards in the category of 'College', partly engaged in
research activities subject to the following conditions, namely:-

(i) The sums paid to the approved organization shall be utilized
for scientific research;
(ii)
(iii)

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