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of <h1>Finance Bill 2010 amends Income-tax Act, boosting research deduction rates in Section 35, effective April 2011.</h1> Clause 9 of the Finance Bill, 2010, amends section 35 of the Income-tax Act, effective April 1, 2011. It replaces 'scientific research association' with 'research association' in sub-section (1) and increases weighted deductions for research contributions. Specifically, deductions rise from 125% to 175% for payments to research associations, universities, and specified institutions. Sub-section (2AA) raises deductions for contributions to National Laboratories and similar entities from 125% to 175%. Sub-section (2AB) increases in-house research expenditure deductions from 150% to 200%. These amendments apply from the assessment year 2011-2012 onwards.
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