Approval under Section 35(1)(ii) requires separate research accounts, timely audited submissions and auditor certificates verifying research receipts and expenditure. Approval under Section 35(1)(ii) is subject to maintenance of separate accounts for research activities, timely submission of audited Income and Expenditure accounts for those activities to the tax authority by the due date or the interim period following notification, and inclusion of an auditor's certificate specifying amounts received for qualifying scientific research and certifying that the expenditure was incurred for scientific research.
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.
Approval under Section 35(1)(ii) requires separate research accounts, timely audited submissions and auditor certificates verifying research receipts and expenditure.
Approval under Section 35(1)(ii) is subject to maintenance of separate accounts for research activities, timely submission of audited Income and Expenditure accounts for those activities to the tax authority by the due date or the interim period following notification, and inclusion of an auditor's certificate specifying amounts received for qualifying scientific research and certifying that the expenditure was incurred for scientific research.
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