Prescribed authority for research and development approvals is designated for tax exemption purposes under the rules. Rule 18BBD identifies the prescribed authority for approval of companies carrying on scientific and industrial research and development for the purposes ... Summary
Prescribed authority for research and development approvals is designated for tax exemption purposes under the rules.
Rule 18BBD identifies the prescribed authority for approval of companies carrying on scientific and industrial research and development for the purposes of section 80-IA(4B). The authority specified is the Secretary in the Department of Scientific and Industrial Research and Development, Ministry of Science and Technology, Government of India.
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