Scientific research deduction conditions govern company approval, compliance, prototype sales, and monitoring for tax exemption eligibility. Deduction under section 80-IB(8A) is limited to companies engaged in scientific research and development that satisfy registration, infrastructure, ... Summary
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Scientific research deduction conditions govern company approval, compliance, prototype sales, and monitoring for tax exemption eligibility.
Deduction under section 80-IB(8A) is limited to companies engaged in scientific research and development that satisfy registration, infrastructure, research programme, exclusivity of activity, and filing conditions, and seek approval from the prescribed authority. Approved companies must obtain permission for sale of prototypes or outputs, report changes in constitutional documents, seek extension before expiry, maintain cost monitoring, and comply with the approval process, including submission of specified documents and responsiveness to further information requests.
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