https://www.taxtmi.com/news?id=71746 FORM 12 is a statutory report furnished by the prescribed authority under section 45(2) read with Rule 29 for an approved in-house research and development facility. It is filed with the Chief Commissioner of Income-tax and records the facility's examination, recognition status, and eligible capital and revenue expenditure for verifying deduction claims. The form is not filed by the company and does not itself determine final allowability of deduction, which remains subject to departmental verification during processing or assessment. en-us Wed, 25 Mar 2026 12:06:22 +0530 Wed, 25 Mar 2026 12:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71746 FORM 12 is a statutory report furnished by the prescribed authority under section 45(2) read with Rule 29 for an approved in-house research and development facility. It is filed with the Chief Commissioner of Income-tax and records the facility's examination, recognition status, and eligible capital and revenue expenditure for verifying deduction claims. The form is not filed by the company and does not itself determine final allowability of deduction, which remains subject to departmental verification during processing or assessment. News - Wed, 25 Mar 2026 12:06:22 +0530 https://www.taxtmi.com/news?id=71746