R&D tax deduction expanded to an enhanced multiplicative benefit for qualifying expenditure under amended provision, increasing incentive. Amendment increases the enhanced deduction under section 35(2AB)(1) by substituting the previous multiplier of one and one-fourth times the expenditure with a multiplier of one and one-half times the expenditure, enlarging the allowable deduction for qualifying research expenditure and applying with effect from the specified commencement date.
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Provisions expressly mentioned in the judgment/order text.
R&D tax deduction expanded to an enhanced multiplicative benefit for qualifying expenditure under amended provision, increasing incentive.
Amendment increases the enhanced deduction under section 35(2AB)(1) by substituting the previous multiplier of one and one-fourth times the expenditure with a multiplier of one and one-half times the expenditure, enlarging the allowable deduction for qualifying research expenditure and applying with effect from the specified commencement date.
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