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The Central Government approves the organization Asian Health Care Foundation, Hyderabad, for section 35 of the Income-tax Act, 1961. The approval applies from Assessment year 2008-09 onwards in the category of other Institution, partly engaged in research activities. The approved organization utilizes sums paid for scientific research and carries out research through its faculty members or enrolled students. The organization maintains separate books of accounts, gets the books audited by an accountant, and furnishes the audit report to the Commissioner of Income-tax or Director of Income-tax. The organization maintains a separate statement of donations received and amounts applied for scientific research. The Central Government withdraws the approval if the organization fails to maintain accounts, furnish reports, or comply with the provisions.
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(TO BE PUBLISHED IN PART II, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETTE OF INDIA) Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes)
New Delhi, the 24th February, 2010 Notification S.O. It is hereby notified for general information that the organization Asian Health Care Foundation, Hyderabad, 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), from Assessment year 2008-09 onwards in the category of ‘other Institution’, partly engaged in research activities subject to the following conditions, namely:-
(Dr. Sanjay Kumar Lal) Under Secretary to the Govt. of India
Notification No._11/2010 (F.No.203/160/2009/ITA-II)
To
The Manager,
Govt. of India Press,
Mayapuri, New Delhi
Copy forwarded to:
(Dr. Sanjay Kumar Lal) Under Secretary to the Govt. of India
