https://www.taxtmi.com/acts?id=53335 Prescribed authority and approval process are laid down for expenditure on scientific research and in-house research and development facilities. For approval linked to section 45(1)(a)(ii), the prescribed authority is the Principal Chief Commissioner of Income-tax (Exemptions) acting in concurrence with the Secretary, Department of Scientific and Industrial Research. For section 45(2), the prescribed authority is the Secretary, Department of Scientific and Industrial Research, and a company becomes entitled to deduction only if it enters into an agreement for cooperation in research and development and complies with the specified requirements relating to maintenance and audit of books of account and furnishing of reports. en-us Fri, 20 Mar 2026 17:42:31 +0530 Mon, 06 Apr 2026 12:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53335 Prescribed authority and approval process are laid down for expenditure on scientific research and in-house research and development facilities. For approval linked to section 45(1)(a)(ii), the prescribed authority is the Principal Chief Commissioner of Income-tax (Exemptions) acting in concurrence with the Secretary, Department of Scientific and Industrial Research. For section 45(2), the prescribed authority is the Secretary, Department of Scientific and Industrial Research, and a company becomes entitled to deduction only if it enters into an agreement for cooperation in research and development and complies with the specified requirements relating to maintenance and audit of books of account and furnishing of reports. Act-Rules Income Tax Fri, 20 Mar 2026 17:42:31 +0530 https://www.taxtmi.com/acts?id=53335