submission regarding sec 35(2ab)

Dear Sir,

DSIR allowes only those R&D expenses which are made "post DSIR in house R&D centre recognition date". That is also only after getting FORM 3CM for the company(Approval u/s 35(2AB) of inocme tax act). In your case your company will be able to get deductions post June 2017.(Only if your company already approved u/s 35(2AB) of inocme tax. However there might be a window availabe to claim benefits of FY 2016-17 R&D capital expenses.

However there might be a possibility that a company can get deduction u/s 35(1) (iv), but for that DSIR in house is not mandatory.

We at www.2abconsultants.com are happy to help any query regadring claims u/s 35(2AB) or DSIR in house recognition.