Section 35

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166 Points Posted on 15 April 2021
for inhouse scientific research in order to claim depreciation whether approval is required?
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On 15 April 2021 at 17:32 Report
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This discussion clarifies the rules around claiming deductions for in-house scientific research under Section 35. It highlights that you cannot claim both depreciation and a Section 35 deduction. Approval is necessary, and deductions for in-house research can be 100% or 150% of revenue and capital expenditure. Contributions to external research also qualify for a 125% deduction.

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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
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On 15 April 2021 at 17:40
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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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On 15 April 2021 at 21:17

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