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Section 35 Claim
Can expenditure on in-house research be claimed for Building incurred by company engaged in manufacturing cosmetics
Replies (2)
Quick Summary
the expenditure on in-house research carried out by a company engaged in manufacturing cosmetics is eligible for a deduction under Section 35(2AB) of the Income Tax Act, subject to meeting the specified conditions. However, the expenditure on the construction of the building in which the in-house research facility is located is not eligible for deduction under Section 35(2AB)
What about claiming it under Sec 35(1)(iv) ?
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