This Section Covers following types of Research

  1. Scientific Research
  2. Social Science Research
  3. Statistical Research

 

Such research may be conducted  

1.By Donation to Outside Body

 or

2. In-house Research (By Assessee himself)

 

 Lets study donation to Outside body first

Weighted Average Deduction on Donation to Outside Body    

Section 35 Expenditure on Scientfic Research etc - Amendment - Deductions

AMENDMENT

 

* Prescribed Authority is Secretary, Department of Scientific and Industrial Research (DSIR).

 

 

Procedure to be followed for Approval

Before granting approval,The prescribed authority(Secretary,DSIR)  shall

check feasibility of scientific research

and

submit its report in relation to the approval of the said facility to the 

 Principal Chief Commissioner 

or Chief Commissioner 

 or  Principal Director General

or Director General 

in such form and within such time as may be prescribed.

 

Procedure After Approval

Separate books of accounts to be maintained of this R&D Facility and audit report shall be submitted to prescribed authority(Secretary,DSIR)

 

  35 approval of company.png

Q1

Particulars Amt
Gross Receipts 250000
Less  
Expenses 160000
PROFIT 90000

 

Suppose Expenses Include Following Donations

Particulars Amt
Donation for  Scientific Research to IIT 10000
Donation for  Scientific Research to Delhi University 20000
Donation for  Social  Research to Delhi University 30000
Total 60000
View Answer
  1. Income Tax
  2. Amendments Income Tax for November 2016 Exams

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