What is Section 35(2AB)

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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?

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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

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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

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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 […]

Why isn’t the Software Industry claiming 150% income tax benefits?

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The DSIR which is the Department of Scientific and Industrial Research provides In-House R&D recognition to software product and manufacturing companiesfor new product development/ product improvement. The DSIR recognition is aimed at flourishing the culture of research and development and innovation in India. In order to encourage the same, the recognition is associated with 150 […]

Is there a right time to apply for DSIR Recognition?

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The DSIR(Department of Scientific and Industrial Research) provides recognition to manufacturing and software product companies with in-house R&D centres Very often, during our consultations, we get asked if there is a “right time” to apply for DSIR recognition. There isn’t really a right time as such for applying for the recognition. As soon as your […]