TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
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>Income-tax Rules Amended: Scientific Research Bodies Must Submit Detailed Statements with Research and Financial Plans</h1> The Income-tax (2nd Amendment) Rules, 2009, effective April 1, 2009, amend rules 5D and 5E of the Income-tax Rules, 1962. Under these amendments, scientific research associations and educational institutions must submit a detailed statement to the Commissioner or Director of Income-tax by the due date for filing income returns. This statement should include a note on research work conducted, a summary of published research articles, any patents applied for or registered, and a plan for future research projects with financial allocations. These changes are made under the authority of section 295 and clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
TaxTMI 
