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of <h1>Income Tax Bill 2025: Clause 45 allows tax deductions for research expenditures, excluding land costs, with specific conditions.</h1> Clause 45 of the Income Tax Bill, 2025, allows deductions for capital and revenue expenditures on scientific research related to business, excluding land acquisition costs. Deductions apply to expenses on salaries and materials for research incurred within three years before business commencement, deemed incurred in the tax year of business start. Companies in biotechnology or manufacturing can claim deductions for in-house R&D, excluding land/building costs, subject to approval. Contributions to approved research entities or programs also qualify. Deductions are subject to specific conditions and documentation, and cannot be claimed under other Act provisions. The Board resolves disputes on research activity classification.
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