Meaning of Scientific research Association
This query is : Resolved
12 February 2011
Sir
I Need what type of Scientific research Association comes under the purview of Sec.35 of Income Tax Act, i mean what are the objects to be maintained by that Association.
Please Help its urgent sir
I Need what type of Scientific research Association comes under the purview of Sec.35 of Income Tax Act, i mean what are the objects to be maintained by that Association.
Please Help its urgent sir
14 February 2011
Under the Section 35 of Income Tax Act, the expenditure on scientific research is allowed as an deduction to the extent of 125% of the total amount spent. The scientific research shall be related to the business of the company.
Proviso to the section states that,
a. The company shall be registered in India
b. has its main object the scientific research and developemnt.
c. shall be approved by the prescribed authority, and,
d. fulfills the conditions as precscirbed.
there are few more privisos are there which one can go throuh the Income Tax Act, by Taxmann.
Proviso to the section states that,
a. The company shall be registered in India
b. has its main object the scientific research and developemnt.
c. shall be approved by the prescribed authority, and,
d. fulfills the conditions as precscirbed.
there are few more privisos are there which one can go throuh the Income Tax Act, by Taxmann.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
