TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>1998 Income-tax Amendment: New R&D Approval Process u/s 35(2AB) with Forms 3CK, 3CL, 3CM Introduced.</h1> The Income-tax (Fifth) Amendment Rules, 1998, effective from April 1, 1998, introduce changes to the Income-tax Rules, 1962. Key amendments include the designation of the Secretary, Department of Scientific and Industrial Research, as the authority for section 35(2AB) of the Income-tax Act. Companies must apply in Form No. 3CK for approval of in-house research and development (R&D) facilities, which must meet specific criteria and be audited annually. The Secretary must approve any asset disposal related to R&D facilities. Forms 3CK, 3CL, and 3CM are introduced for application, reporting, and approval processes, respectively.
TaxTMI 
TaxTMI 
