National Laboratory definition clarifies eligibility under section 35 for nationally functioning research labs with prescribed approval. The definition of National Laboratory for section 35 of the Income Tax Act, 1961, covers scientific laboratories functioning at the national level under ... Summary
National Laboratory definition clarifies eligibility under section 35 for nationally functioning research labs with prescribed approval.
The definition of National Laboratory for section 35 of the Income Tax Act, 1961, covers scientific laboratories functioning at the national level under specified central research bodies and requires that such laboratories be approved as a National Laboratory by the prescribed authority in the manner prescribed.
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