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of <h1>Section 35: Income Tax Deductions for Scientific Research Expenditures, Including Outsourcing and Payments to Approved Institutions.</h1> Section 35 of the Income Tax Act provides deductions for expenditures on scientific research. It covers activities extending knowledge in natural or applied sciences, including agriculture and social sciences. Deductions include 100% of revenue and capital expenditures related to scientific research before and after business commencement. Payments to approved research associations, universities, or companies for scientific research also qualify. Amendments require institutions to file donation statements for donors to claim deductions. Outsourcing for scientific research is allowed if approved. Certain tax regimes do not permit these deductions. Specific forms are required for approval and certification of research expenses.
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