https://www.taxtmi.com/acts?id=10817 Companies may claim an enhanced deduction of one hundred and fifty per cent for expenditure on creating, maintaining and carrying out scientific research and development in an in house facility, subject to approval of the facility by the Central Government on recommendation of the prescribed authority and an agreement for cooperation and audit; approval transfers on business reorganisation; deduction is disallowed where the company's business itself is R&D, in which case capital allowance provisions apply; the Board may prescribe approval procedures. en-us Thu, 20 Aug 2009 12:02:19 +0530 Thu, 20 Aug 2009 16:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10817 Companies may claim an enhanced deduction of one hundred and fifty per cent for expenditure on creating, maintaining and carrying out scientific research and development in an in house facility, subject to approval of the facility by the Central Government on recommendation of the prescribed authority and an agreement for cooperation and audit; approval transfers on business reorganisation; deduction is disallowed where the company's business itself is R&D, in which case capital allowance provisions apply; the Board may prescribe approval procedures. Act-Rules Bills Thu, 20 Aug 2009 12:02:19 +0530 https://www.taxtmi.com/acts?id=10817