Research deduction approval requires specified compliance and annual audited filings to secure tax exemption by designated authorities each year. Approval is granted to specified organisations under clause (ii) of sub section (1) of section 35, read with rule 6, as associations eligible for research related tax exemption, subject to maintaining separate research accounts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited income and expenditure accounts for research activities to designated tax and scientific authorities by 31st October each year, alongside the regular income tax return to the assessing officer.
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.
Research deduction approval requires specified compliance and annual audited filings to secure tax exemption by designated authorities each year.
Approval is granted to specified organisations under clause (ii) of sub section (1) of section 35, read with rule 6, as associations eligible for research related tax exemption, subject to maintaining separate research accounts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31st May, and submitting audited annual accounts and audited income and expenditure accounts for research activities to designated tax and scientific authorities by 31st October each year, alongside the regular income tax return to the assessing officer.
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