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Section 35

Others 159 views 2 replies

bsai partish

166 Points Posted on 15 April 2021

for inhouse scientific research in order to claim depreciation whether approval is required?

Replies (2)

Ankit Neema

2742 Points Posted on 15 April 2021

Either you can clim deduction in section 35 or Claim depreciation both are not possible.
And also approval is required

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 15 April 2021

Deduction allowed is on both revenue and capital expenditure . in case of in-house research it is either 100% or 150% . Contribution to outsiders deduction allowed is 125%. Any revenue expenditure laid out or expended on scientific research related to the business is allowed ads deduction u/s 35

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