Scientific research deduction allows enhanced tax relief for companies with approved in house R&D facilities subject to cooperation and audit. An enhanced deduction is available when a company creates and maintains an in house facility and incurs qualifying expenditure for scientific research and development there; approval by the Central Government on the prescribed authority's recommendation and an agreement for cooperation and audit are required, approvals transfer on business reorganisation if transferred, and expenditure that is part of the company's business activity in the nature of R&D is excluded.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Scientific research deduction allows enhanced tax relief for companies with approved in house R&D facilities subject to cooperation and audit.
An enhanced deduction is available when a company creates and maintains an in house facility and incurs qualifying expenditure for scientific research and development there; approval by the Central Government on the prescribed authority's recommendation and an agreement for cooperation and audit are required, approvals transfer on business reorganisation if transferred, and expenditure that is part of the company's business activity in the nature of R&D is excluded.
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