Taxability on reserch and development allowances
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
Reserch and development allowances given to employee is exempt from tax to the extent it incurred.I wish to know which type of expenses is to be treated as reserch and development expenses made by employee and which type of bill can be submitted?
06 January 2012
Any expenses incurred for the purpose of research suppose equipment, instrument, man power, materials, etc.
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