Scientific research expenditure approval permits research donations when utilised and documented under required audit and accounting conditions. Loyola College Society is approved as a University College or Other Institution for research expenditure deduction purposes, subject to conditions: sums paid must be utilised for scientific research; research must be carried out by faculty or enrolled students; separate books of account for research receipts and applications must be maintained and audited by a qualified accountant with the audit report submitted by the income-tax return due date; and a separate auditor-certified statement of donations and applications by department must accompany the audit report. Approval may be withdrawn for failure to comply with these requirements or if research activity ceases or is not genuine.