Deduction u/s 35 (2ab)
This query is : Resolved
10 September 2013
Dear Expert,
Assessee got recognition from DSIR for in house R&D centre in April-2013. This recognition is given based on the R&D expenses incurred by the Company during past three years. Now Company has applied in July-2013 in Form 3CK for getting approval to claim deduction u/s 35(2AB). My query is:
If Company receives approval, can it claim deduction of R&D expenses incurred in FY 2012-13?
Assessee got recognition from DSIR for in house R&D centre in April-2013. This recognition is given based on the R&D expenses incurred by the Company during past three years. Now Company has applied in July-2013 in Form 3CK for getting approval to claim deduction u/s 35(2AB). My query is:
If Company receives approval, can it claim deduction of R&D expenses incurred in FY 2012-13?
10 September 2013
if ded under sec 35(2AB) is allowed by the concerned authority then only u can claim ded under said section.
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