Section 35 1 Ii Of Income Tax Act

Section 35 1 ii of the income tax act 1961 scientific research expenditure approved scientific research associations institutions notification 4084 e 13 11 2019 section 35 1 ii of the income tax act 1961 scientific research expenditure approved scientific research associations institutions notification 2560 e 16 07 2019.

Section 35 1 ii of income tax act. I for the words one and three fourth the words one and one half shall be substituted. I contribution to outsiders. Section 35 1 ii iii an approved research association which has as its object the undertaking of scientific research.

I in sub section 1. In section 35 of the income tax act with effect from the 1st day of april 2018. Section 35 1 ii of the income tax act 1961 r.

No depreciation u s 32 1 ii allowed as deduction on such capital expenditure. Section 35 1 iv allow deduction for any capital nature expenditure laid out or expended on scientific research related to the business then whole of such expenditure is allowed as deduction in year of expenditure. Amendment of section 35.

Deductions under section 35 1 ii will attract more donations corporate grants and general funding than one that does not. An approved university college or other institution to be used for scientific research. Section 35 1 ii in the income tax act 1995 ii any sum paid to a scientific research association which has as its object the undertaking of scientific research or to a university college or other institution to be used for scientific research.

A in clause ii. Provided that such association university college or institution is for the time being approved for the purposes of this. Any scientific research association organization which has its objects carrying out the scientific research or social science research or social science research can be approved under section 35 i ii and 35i iii in accordance with the guidelines and other conditions as may be notified in the official gazette of the central government the donor will receive 175 weighted deduction on the donated amount as per amendment by the finance act 2010.

It is hereby notified for general information that the organization aeronautical development agency drdo bhawan new delhi has been approved by the central government for the purpose of clause ii of sub section 1 of section 35 of the income tax act 1961 said act read with rules 5c and 5d of the income tax rules 1962 said rules with effect from 1 4 2006 in the category of scientific research association subject to the following. It therefore is vital that those individuals or organisations making the grants or the donations be. 83 2010 income tax it is hereby notified for general information that the organization raman centre for applied and interdisciplinary sciences kolkata has been approved by the central government for the purpose of clause ii of sub section 1 of section 35 of the income tax act 1961 said act read with rules 5c and.