https://www.taxtmi.com/notifications?id=119200 The Secretary, Department of Scientific and Industrial Research is the prescribed authority to grant approval for companies carrying on scientific research and development for deduction under sub-section (8A) of section 80-IB, initially for three assessment years and, subject to satisfactory periodic review, extended so that total approval covers ten consecutive assessment years. Companies must meet eligibility criteria including registration in India, R&D as main object, adequate laboratory and prototype infrastructure, time-bound R&D programmes, exclusive engagement in technology development and transfer, timely annual filings, and comply with conditions on prototype sales, constitutional changes, extensions, cost monitoring, and documentary application requirements; approval may be withdrawn for tax avoidance or rule violations. en-us Wed, 31 Jan 2001 00:00:00 +0530 Sat, 30 Apr 2016 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119200 The Secretary, Department of Scientific and Industrial Research is the prescribed authority to grant approval for companies carrying on scientific research and development for deduction under sub-section (8A) of section 80-IB, initially for three assessment years and, subject to satisfactory periodic review, extended so that total approval covers ten consecutive assessment years. Companies must meet eligibility criteria including registration in India, R&D as main object, adequate laboratory and prototype infrastructure, time-bound R&D programmes, exclusive engagement in technology development and transfer, timely annual filings, and comply with conditions on prototype sales, constitutional changes, extensions, cost monitoring, and documentary application requirements; approval may be withdrawn for tax avoidance or rule violations. Notifications Income Tax Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119200