TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Business scientific research expenses deductible; enhanced deductions for approved research bodies; capital and revenue R&D rules and compliance &DCompliance</h1> Expenditure on scientific research related to business is deductible: revenue R&D costs are allowed; payments to prescribed, approved research associations, universities, institutions, specified companies or national laboratories attract enhanced deductions as provided (subject to recent amendments limiting some enhanced rates to one-times the sum for specified years); capital expenditure on research is deductible under prescribed schedules with special rules for pre-commencement spending, cessation, sale or subsequent business use; deductions cannot be claimed elsewhere; approvals, prescribed applications, reporting, donor certificates and compliance with conditions are required and questions of eligibility are finally determined by the designated authority.
TaxTMI 
