TaxTMI 
TaxTMI 
Amendment of section 35
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....in clause (ii), for the words "one and one-fourth", the words "one and three-fourth" shall be substituted; (c) in clause (iii),— (A) for the words "any sum paid to a university", the words "any sum paid to a research association which has as its object the undertaking of research in social science or statistical research or to a university" shall be substituted; (B) in the proviso, for the wo....
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....as the object of undertaking scientific research or to a university, college or other institution to be used for scientific research. Item (b) of sub-clause (i) proposes to amend the said clause (ii) so as to enhance the said weighted deduction from one hundred and twenty-five per cent. to one hundred and seventy-five per cent. Clause (iii) of sub-section (1) of the aforesaid section provides th....
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.... hundred and twenty-five per cent. of any sum paid to a National Laboratory or a University or an Indian Institute of Technology or a specified person for the purpose of an approved scientific research programme. It is proposed to amend the said clause (a) so as to enhance the said weighted deduction from one hundred and twenty-five per cent. to one hundred and seventy-five per cent. Sub-clause ....