Income-tax Act, 1961
Section - 35 - Expenditure on scientific research
Expenditure on scientific research.35. (1) In respect of expenditure on scientific research, the following deductions shall be allowed-
| (i) | - | any expenditure (not being in the nature of capital expenditure) laid out or expended on scientific research related to the business. |
| - | Explanation.-Where any such expenditure has been laid out or expended before the commencement of the business (not being expenditure laid out or expended before the 1st day of April, 1973) on payment of any salary as defined in Explanation 2 below sub-section (5) of section 40A to an employee engaged in such scientific research or on the purchase of materials used in such scientific research, the aggregate of the expenditure so laid out or expended within the three years immediately preceding the commencement of the business shall, to the extent it is certified by the prescribed authority to have been laid out or expended on such scientific research, be deemed to have been laid out or expended in the previous year in which the business is commenced ; | |
| (ii) | - | an amount equal to one and o .... To read the full section download the app from Google Play store
24 October 2026
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