Form 3CL : It’s about time!

Posted Posted in Blog

So, you have availed the income tax benefits u/s 35(2AB) of the Income Tax Act? Congratulations, you saved a lot! But, hey, there is still one more step to follow before you sit back and relax: Filing of Form 3CL. So, let’s understand from the start how it’s done. Every company after securing the d […]

R&D Manpower as per DSIR Guidelines

Posted Posted in Blog

The DSIR(Department of Scientific and Industrial Research) provides recognition to software product and manufacturing companies having in- house R&D centres. The DSIR also has a set of guidelines regarding the manpower in the said R&D centres. 1. As per DSIR Guidelines, the R&D manpower should be dedicated, and should include: –R&D Head There should be […]

What is Section 35(2AB)

Posted Posted in Blog

The DSIR provides recognition to software product and manufacturing companies with in- house R&D centres. The said recognition is associated with 150% weighted income tax reduction u/s 35(2AB) of Income Tax Act. You have heard us say it time and again, haven’t you? Or, you must have read it somewhere for sure. But do you really […]

Expenses u/s 35(2AB)- What Exactly to Look For?

Posted Posted in Blog

The government of India has an incentivised program wherein the Department of Scientific and Industrial Research provides recognition to software product and manufacturing companies having in- house R&D centres.  The recognition is associated with 150 percent weighted tax reduction u/s 35(2AB) of income tax act. However, there is a lot of confusion in the manufacturing […]

Documents required for DSIR Application

Posted Posted in Blog

The Department of Scientific and Industrial Research provides recognition to software product and manufacturing companies having In- hours R&D centres. DSIR application process to apply for recognition is fairly simple and we have covered the steps involving the same here. Before we move ahead, since you are on this page, we assume you have already […]

DSIR Application Process

Posted Posted in Blog

The DSIR provides recognition to software product companies and manufacturing companies with In-House R&D centers. The recognition, in addition to being a reason to boast about among your friends and foes, is also associated with a great deal of benefits. However, a lot of people looking to get recognized by the DSIR, are not clear about […]