A Individual is having a salary income and doing his/her own research. If the research is sucessful, when can the expenses be deducted.
Thank U
Menu
Income tax s.35(2ab)
Replies (1)
Any revenue expenditure incurred by the assessee himself on scientific research related to his business.
-Expenditure incurred within 3 years immediately preceding the commencement of the business - payment of #salary to research staff engaged in scientific research related to his business carried on by the taxpayer or on material inputs for such scientific research will be allowed as deduction in the year in which the business is commenced.
#salary will not include any perquisites.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
