Laws and sections by number or title, due dates, pages, and updates.
The Central Government approves the organization M/s LPG Equipment Research Centre as a Scientific Research Association under section 35 of the Income-tax Act, 1961. The approval applies from Assessment year 2017-2018 onwards. The organization undertakes scientific research by itself and maintains separate books of accounts. The organization gets the books audited and submits the audit report with a statement of donations to the Income-tax authority by the due date of furnishing the return of income. The Central Government withdraws the approval if the organization fails to maintain accounts, furnish reports, or comply with the statutory provisions.
What you must do
Key dates
Who is affected
If you do not comply
Ask about this notification
(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)
Notification
oJ [unclear in source]
New Delhi, the 21 January, 2018
S.O.
It is hereby notified for general information that the organization Mis LPG Equipment Research Centre ('LERC') (PAN:- AAAAL0454G) has been approved by the Central Government fo r 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 5D of the Income-tax Rules, 1962 (said Rules), from Assessment year 2017-2018 onwards in the category of 'Scientific Research Association\ subject to the following conditions, namcly:-
The Central Government shall withdraw the approval if the approved organization:-
re-- [unclear in source]
(Rohit Garg)
Director (ITA-II)
Notification No.~OI8 [unclear in source]
(F. No .203/021201 7/ITA-II)
To
The Manager,
GOVI. of India Press,
Mayapuri, New Delhi
Copy forwarded to:
~ [unclear in source]
(Rohit Ga rg)
Director (ITA-II)
