Vittal Mallya Scientific Research Foundation, Bangalore has been approved for the purpose of section 35(1)(ii) of the Income-tax Act, 1961 - 79/2009 - Income Tax

Research institution approval permits tax benefit for donors, subject to audited accounts, separate donation statements, and genuine research.

Vittal Mallya Scientific Research Foundation is approved as an approved institution under section 35(1)(ii) from assessment year 2007-08, conditional on utilisation of sums for scientific research, conducting research through faculty or enrolled students, maintaining separate books of account for research receipts and expenditures, obtaining an audit by a qualified accountant and furnishing the audit report by the income-tax return due date, and providing an auditor-certified statement of donations and amounts applied to research.