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of <h1>Central Government Approves Jain Vishva Bharati for Scientific Research Funding Under Income-tax Act Section 35(1)(iii)</h1> Jain Vishva Bharati, Ladnun, Nagaur has been approved by the Central Government for scientific research expenditure under section 35(1)(iii) of the Income-tax Act, 1961, effective from the 2007-2008 assessment year. The organization must utilize funds for social sciences research, maintain separate audited accounts for research funds, and submit audit reports and donation statements to the relevant tax authorities. The approval may be revoked if the organization fails to comply with these requirements or if its research activities are deemed non-genuine or non-compliant with the specified legal provisions.
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