Weighted deduction for scientific research increased to two times, effective from assessment year 2012-13 onwards. Amendment increases the weighted deduction for payments to National Laboratories, Universities, Indian Institutes of Technology and specified persons for approved scientific research from one and three fourth times to two times the amount paid, enlarging the tax incentive available for qualifying research expenditure.
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Provisions expressly mentioned in the judgment/order text.
Weighted deduction for scientific research increased to two times, effective from assessment year 2012-13 onwards.
Amendment increases the weighted deduction for payments to National Laboratories, Universities, Indian Institutes of Technology and specified persons for approved scientific research from one and three fourth times to two times the amount paid, enlarging the tax incentive available for qualifying research expenditure.
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