A new company(incorp during 14-15) manufacturing robots was undergoing research processes from its beginning onwards for developing a new robot. For these 2 years, the co. has not earned any profits. What is the (tax)benefit if such expenses incurred for these research programmes are capitalized under capital Work In Progress?
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Capitalization of research expenses.
Replies (1)
For tax benefits , go for section 35 of income tax act. You will get deduction according to the charactersitics of the expenditure
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