https://www.taxtmi.com/notifications?id=119117 The amendments designate the Secretary, Department of Scientific and Industrial Research as the prescribed authority to approve company in-house R&D facilities for tax deduction purposes; applications must be in Form 3CK, approvals issued in Form 3CM and reports forwarded in Form 3CL. Approvals require that the facility not be limited to non-scientific activities, that separate accounts be maintained and annually audited and submitted by 31 October, and that assets for the facility cannot be disposed of without prior approval. An agreement and specified documentary submissions are mandated for claiming the deduction. en-us Fri, 27 Mar 1998 00:00:00 +0530 Sat, 23 Apr 2016 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119117 The amendments designate the Secretary, Department of Scientific and Industrial Research as the prescribed authority to approve company in-house R&D facilities for tax deduction purposes; applications must be in Form 3CK, approvals issued in Form 3CM and reports forwarded in Form 3CL. Approvals require that the facility not be limited to non-scientific activities, that separate accounts be maintained and annually audited and submitted by 31 October, and that assets for the facility cannot be disposed of without prior approval. An agreement and specified documentary submissions are mandated for claiming the deduction. Notifications Income Tax Fri, 27 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119117