Allow ability of Expenditure incurred for Scientific Research (Section 35)
Money Mantan June 27, 2011
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Allow ability of Expenditure incurred for Scientific Research (Section 35)

All 1. Expenditure on in-house research: The following expenditure incurred by the assessee on scientific research in relation to the assessee’s business shall be allowed as deduction- Current year expenditure: Current year revenue expenditure or Capital expenditure on scientific research. Prior period expenditure: Prior period revenue expenditure or capital expenditure incurred during 3years immediately preceding […]

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ALLOWABILITY OF EXPENDITURE INCURRED FOR SCIENTIFIC RESEARCH (SECTION 35)
Money Mantan June 10, 2011
Comments (125)

ALLOWABILITY OF EXPENDITURE INCURRED FOR SCIENTIFIC RESEARCH (SECTION 35)

1. Expenditure on in-house research: The following expenditure incurred by the assessee on scientific research in relation to the assessee’s business shall be allowed as deduction- Current year expenditure: Current year revenue expenditure or Capital expenditure on scientific research. Prior period expenditure: Prior period revenue expenditure or capital expenditure incurred during 3years immediately preceding the […]

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