Definition of 'Developed' requires majority of development expenditure to be incurred domestically to qualify for tax treatment. Definition of Developed for purposes of section 115BBF requires that a substantial majority of the expenditure by an eligible assessee be incurred in ... Summary
Definition of 'Developed' requires majority of development expenditure to be incurred domestically to qualify for tax treatment.
Definition of Developed for purposes of section 115BBF requires that a substantial majority of the expenditure by an eligible assessee be incurred in India for any invention in respect of which a patent is granted under the Patents Act.
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