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<h1>Tax Exemptions for R&D: Secretary of DSIR is the Approving Authority under Rule 18AAB, Income Tax Rules.</h1> For the purposes of section 80-IA of the Income Tax Act, the prescribed authority responsible for approving companies engaged in Scientific and Industrial Research and Development is the Secretary of the Department of Scientific and Industrial Research, under the Ministry of Science and Technology, Government of India, as per Rule 18AAB of the Income-tax Rules, 1962. This provision relates to tax exemptions and reliefs for companies involved in specified research and development activities.