Research reporting obligations: institutions must file detailed annual research statements with tax authorities by the return due date. The amendment requires scientific research associations and universities, colleges or other institutions to furnish, by the income tax return due date, a statement to the Commissioner or Director containing: a detailed note on prior year research; a summary of published research articles; any patents applied for or registered; and the programme and financial allocation for forthcoming research projects, and integrates this statement into the compliance documentation for the relevant tax provision.
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 reporting obligations: institutions must file detailed annual research statements with tax authorities by the return due date.
The amendment requires scientific research associations and universities, colleges or other institutions to furnish, by the income tax return due date, a statement to the Commissioner or Director containing: a detailed note on prior year research; a summary of published research articles; any patents applied for or registered; and the programme and financial allocation for forthcoming research projects, and integrates this statement into the compliance documentation for the relevant tax provision.
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