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of <h1>Income-tax Act Section 35 Amended: New Deduction for Scientific Research Payments, Effective April 1, 2009.</h1> Section 35 of the Income-tax Act is amended, effective April 1, 2009. A new clause (iia) is added to sub-section (1), allowing a deduction of 1.25 times the amount paid to a company for scientific research, provided the company is registered in India, primarily focuses on scientific research and development, is approved by the prescribed authority, and meets other specified conditions. Additionally, sub-section (2AB) is amended to state that no deduction will be allowed for expenditures incurred after March 31, 2008, for companies approved under the new clause (iia).
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