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of <h1>Indian R&D Companies Can Get Tax Deductions Under Section 80-IB(8A) If They Meet Specific Criteria</h1> Companies engaged in scientific research and development in India can qualify for deductions under section 80-IB(8A) if they meet specific criteria. These include being registered in India, focusing on scientific and industrial R&D, having adequate infrastructure, and submitting annual returns and reports. Approved companies must obtain permission to sell prototypes, notify changes in their foundational documents, and apply for approval extensions. Approval can be revoked if tax avoidance is detected or rules are violated. Applications for approval must include necessary documentation, and decisions are made within four months, with applicants given a chance to be heard if approval is denied.
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