DSIR Recognition associated Tax Benefits may go back to 200%

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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 […]

Benefits of DSIR Recognition

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The most common question we get asked during every consultation is, “Are there any benefits of getting recognized by the DSIR? Well, the answer is a big, bold (and italic) YES!! 😉   So what exactly are these benefits, then? Okay, let’s not beat around the bush much and get to the point. After all […]

How DSIR Recognition associated Tax Benefits Work

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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 […]