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 know what is Section 35(2AB) and how exactly it can benefit you?
Well, here you go!!
Interesting, isn’t it?
So, go ahead, get recognised by the DSIR and claim the benefits associated with it!