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of <h1>Mangalore University Granted Tax Exemption for Social Science Research Under Section 35(1)(iii) of Income-tax Act 1961</h1> The Central Government has approved Mangalore University, Mangalore, for exemption under section 35(1)(iii) of the Income-tax Act, 1961, for research in social sciences from the assessment year 2011-12 onwards. The university must use funds for social science research, maintain separate audited accounts for such funds, and submit audit reports to the relevant tax authorities. It must also keep a certified statement of donations and their application. Approval may be withdrawn if the university fails to maintain accounts, submit audits, or if its research activities are not genuine or compliant with the Act and Rules.
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