TaxTMI 
TaxTMI 
Income-tax (1st Amendment) Rules, 2001
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....of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (1st Amendment) Rules, 2001. (2) They shall come into force on the date of their publication in the Official Gazette. 1. In the Income-tax Rules, 1962, in Part IV, after rule 18C, the following rule shall be inserted,....
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....duction under sub-section (8A) of section 80-IB. (1) Any company carrying on scientific research and development shall be eligible for deduction specified in sub-section (8A) of section 80-IB, if such company (a) is registered in India; (b) has its main object the scientific and industrial research and development; (c) has adequate infrastructure such as laboratory facilities, qualified man....
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....if any, from its laboratories or pilot plants with the prior permission of the prescribed authority; (b) intimate the change, if any, in its memorandum of association and articles of association relating to its main objects and forward the altered copy of its memorandum of association and articles of association to the prescribed authority; (c) apply for extension of the approval at least thre....
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.... articles of association incorporating all amendments duly certified by the company secretary or managing director of the company; (b) annual report of the company for the last three years, if available; (c) photocopies of the memorandum of understanding relating to all on-going and future sponsored research projects or programmes. (6) The prescribed authority may call for any information or ....