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<h1>Mangalore University Approved for Tax Benefits Under Section 35(1)(ii) of Income-tax Act for Scientific Research Funding</h1> Mangalore University, Mangalore, has been approved by the Department of Science & Technology, New Delhi, as an institution under section 35(1)(ii) of the Income-tax Act, 1961. This approval, effective from September 17, 1983, to September 16, 1986, requires the university to maintain a separate account for funds received for scientific research. Additionally, the university must submit annual returns of its research activities by April 30 and audited financial accounts by June 30 each year to the prescribed authority and the concerned Commissioner of Income-tax.