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    <title>Scientific research expenditure - Madras School of Economics, Chennai as an organization approved for purpose of section 35(1)(iii)</title>
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    <description>Approval is granted for purposes of scientific research expenditure recognition subject to the organization conducting bona fide social science and statistical research through faculty or enrolled students and using received sums exclusively for such research. The organization must maintain separate books of account for research receipts and expenditures, obtain an audit by a qualified accountant, submit the auditor&#039;s report by the income tax return due date, and provide a certified statement of donations and amounts applied to research. The Central Government may withdraw approval for failure to maintain accounts, furnish required reports, cease genuine research, or otherwise fail to comply with statutory conditions.</description>
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