35(1)(II) and 35(1)(III) Registration

FCRA Registration

Those scientific research association or organization which has objective of carrying out the scientific research or social science research, can be approved under section 35(1)(ii) and section 35(1)(iii) in accordance with the guidelines and other conditions as may be notified in the official gazette of the central government. The donor will receive 175% weighted deduction on the donated amount as per amendment by the Finance Act 2010. A weighted deduction of 175% is also allowed for contributions to organizations approved under section 35(1) (ii) (a scientific research institute or a university, college or other institution) specifically for “scientific research,” and for contributions made under section 35(1) (iii) specifically for “research in social science or statistical research.”

THE APPLICATION AND ITS ENCLOSURE: –The Income Tax Act contains provisions permitting donors to deduct contributions. The application for approval under section 35 1(ii) / 35 1(iii) of IT Act 1961 may be submitted to the CIT/ DIT- IT of the jurisdiction of the assessee association along with following information in prescribed form.

  • List of assets / facilities owned used for scientific research / Social science research by the applicant,
  • Details of past research projects undertaken by the applicant, such as research projects completed/ underway/ any publication of research projects,
  • Past research activities such as whether any new product/process developed, approved, any product of import substitution,
  • Patents filed and details of the filing,
  • Whether any commercialization carried out of any such product/ process,
  • Earnings from such patents etc.
  • Details of conferences/ seminars etc. held
  • Proposed research project to be undertaken,
  • List of the donors and amount received as donations,
  • Amount utilized in such research activities,


  • By a scientific research association – Form 3CF-I
  • By a university, college or other institution – Form 3CF-II
What A R P A N & Associates LLP Offers

The company has vast & varied experience in conducting all types of Audits for large & medium sized business entities. The Company also has the expertise to prepare financial statements not only in accordance with international accounting standards (IAS) but also in compliance with the generally accepted accounting principles (GAAP) especially US-GAAP. Our Internal/Management audits focus on:

  • Critical evaluation of internal controls adopted by organizations and suggesting areas for strengthening
    Review of existing business processes, policies and practices with a view to suggest best practices, including a thorough benchmarking exercise.
  • Review of Risk Management Framework and its effectiveness with a view to provide suggestions for strengthening the same.
  • Constructive review of operations by keeping the client’s business needs in focus
  • Identification and recommendation of areas for cost reduction, revenue optimization and improvement in operational efficiency followed by assistance in their implementation
  • Providing result oriented and practical solutions followed by support for its implementation
  • Confirmation of proper compliance with the various regulatory provisions and operational manuals
  • Assisting in meeting the clients’ Corporate Governance requirements

Our Services Includes

  • Complete outsourcing of internal audit function
  • Compliance with management controls
  • System and process improvements
  • Financial impropriety and fraud audits
  • Due diligence for acquisitions and investments
  • Co-sourcing and supplementing internal audit function along with the existing capabilities of the client organization
  • Deputation of personnel to strengthen the internal audit function of client organization
  • Conducting concurrent audits with dedicated teams for more focused transaction audits as well as on-line auditing/pre-payment audits
  • Conducting operational audits through review of business operations, activities, etc
  • Conducting special purpose investigative audits
  • Techno Commercial Concurrent Reviews

Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value.

For any information / query regarding Tax Audit Services feel free to Contact Us.

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