Approved institution status enables research tax allowance subject to separate accounts, annual returns and renewal conditions. Approval is granted to the National Institute of Public Finance and Policy as an Approved Institution for purposes of tax allowance for scientific research, conditioned on maintaining a separate research account, submitting annual returns of scientific research activities by 30 April, and furnishing audited annual accounts and balance sheet to the prescribed authority and the tax commissioner by 30 June; approval is time-limited and requires advance application for renewal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approved institution status enables research tax allowance subject to separate accounts, annual returns and renewal conditions.
Approval is granted to the National Institute of Public Finance and Policy as an Approved Institution for purposes of tax allowance for scientific research, conditioned on maintaining a separate research account, submitting annual returns of scientific research activities by 30 April, and furnishing audited annual accounts and balance sheet to the prescribed authority and the tax commissioner by 30 June; approval is time-limited and requires advance application for renewal.
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