Sec 35 (2ab) deduction
This query is : Resolved
SENTHURKANI
(Querist)
25 August 2012
A company having inhouse research division has received grant aid from government for its in house research. My question is for deduction u/s 35(2AB) whether grant is to be deducted and balance to be claimed @ 200 % or on whole expences incured on research and development can be claimed U/s 35 (2AB)
CA PARAS BAFNA
(Expert)
26 August 2012
Yes , you have to credit the grants and can claim weighted deduction only on the balance. (As per Para xi of the Guidelines-
issued in this regard).
issued in this regard).
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