Scientific research approval rules prescribe authorities, application process, reporting duties, and conditions for eligible programme expenditure. Prescribed authority for approval of scientific research expenditure depends on the institution involved, and a sponsor must apply in Form No. 7. Approval ... Summary
Scientific research approval rules prescribe authorities, application process, reporting duties, and conditions for eligible programme expenditure.
Prescribed authority for approval of scientific research expenditure depends on the institution involved, and a sponsor must apply in Form No. 7. Approval in Form No. 8 may be granted only if the programme is feasible and satisfies the rule's conditions, within two months from the end of the month of receipt, for a period not exceeding five tax years, with a hearing before rejection. The rule also prescribes separate accounting, annual audit, reporting obligations, restrictions on duration and cost escalation, and limits on disposal of assets acquired for the programme.
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