https://www.taxtmi.com/news?id=71747 Proposed Form 12 is the statutory reporting form through which the prescribed authority, acting under Rule 29, submits findings and certification regarding an approved in-house research and development facility to the jurisdictional Chief Commissioner of Income-tax. It operates within the compliance framework for deduction of expenditure on approved in-house R&D facilities under section 45(2) of the Income-tax Act, 2025 and records evaluation details, eligible expenditure and asset movements for verification of deduction claims. en-us Wed, 25 Mar 2026 12:13:37 +0530 Wed, 25 Mar 2026 12:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71747 Proposed Form 12 is the statutory reporting form through which the prescribed authority, acting under Rule 29, submits findings and certification regarding an approved in-house research and development facility to the jurisdictional Chief Commissioner of Income-tax. It operates within the compliance framework for deduction of expenditure on approved in-house R&D facilities under section 45(2) of the Income-tax Act, 2025 and records evaluation details, eligible expenditure and asset movements for verification of deduction claims. News - Wed, 25 Mar 2026 12:13:37 +0530 https://www.taxtmi.com/news?id=71747