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 […]

DSIR Recognition associated Tax Benefits may go back to 200%

Posted Posted in Blog

The DSIR (Department of Scientific and Industrial Research) provides recognition to software product and manufacturing companies. The recognition is provided to companies, registered in India. It is further aimed at encouraging the culture of R&D and innovation in India by providing Income Tax reductions for carrying out R&D activities. Current Income Tax reduction is 150 […]

How DSIR Recognition associated Tax Benefits Work

Posted Posted in Blog

The DSIR, which is the Department of Scientific and industrial Research, provides recognition to software product and manufacturing companies with “in- house” R&D centers. The recognition enables the company to get 150% weighted tax reduction on the purchases made for R&D among other benefits. This 150% weighted reduction translates into saving of Rs. 17 Lac on […]