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>New Rule 18D: Tax Deduction for Scientific Research Companies u/s 80-IB(8A) of Income-tax Act, 1961.</h1> The Income-tax (1st Amendment) Rules, 2001, issued by the Central Board of Direct Taxes, amends the Income-tax Rules, 1962. It introduces Rule 18D, designating the Secretary of the Department of Scientific and Industrial Research as the authority for approving companies engaged in scientific research and development for tax deductions under section 80-IB(8A) of the Income-tax Act, 1961. Approved companies must meet specific criteria, including being registered in India, focusing on scientific research, having adequate infrastructure, and submitting annual reports. Approval is initially for three years, extendable to ten years, and can be withdrawn if tax avoidance or rule violations occur.
TaxTMI 
TaxTMI 
