https://www.taxtmi.com/forum/issue?id=108126 Weighted deduction under section 35(2AB) is available for qualifying in house R&D expenditure if the company obtains prescribed approval and enters into the required agreement, maintains separate books for the approved R&D facility, and has those accounts audited with audit reports furnished to the DSIR; proposed amendments add cooperation agreements with the prescribed authority, prescribe conditions for account maintenance and audit, require prescribed reports, and direct that approval reports be sent to the Principal Chief Commissioner or Chief Commissioner with jurisdiction. en-us Sat, 28 Feb 2015 20:28:28 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108126 Weighted deduction under section 35(2AB) is available for qualifying in house R&D expenditure if the company obtains prescribed approval and enters into the required agreement, maintains separate books for the approved R&D facility, and has those accounts audited with audit reports furnished to the DSIR; proposed amendments add cooperation agreements with the prescribed authority, prescribe conditions for account maintenance and audit, require prescribed reports, and direct that approval reports be sent to the Principal Chief Commissioner or Chief Commissioner with jurisdiction. Discussion-Forum Income Tax Sat, 28 Feb 2015 20:28:28 +0530 https://www.taxtmi.com/forum/issue?id=108126