Guide to .. Tax Management ,Tax Planning and Tax Saving
 

6. Sec. 35 : Expenditure On Scientific Research

Deduction allowed is on both revenue and capital expenditure . in case of in-house research it is either 100% or 150% . Contribution to outsiders deduction allowed is 125%.

 Deduction Allowed U/Sec. 35 : Expenditure On Scientific Research

Section 35(1)(i). Revenue Expenditure

Section 35(2). Capital Expenditure

Any revenue expenditure laid out or expended on scientific research related to the business is allowed ads deduction.

Ø Purchase of Plant and Machinery is allowed as Deduction

E.g. Salary paid to Research Personnel,  Material Inputs used for Scientific Research etc.

Ø Purchase or Construction Cost of Building (excluding Investment in Land or any interest on borrowed capital used for purchase of Land) is allowed as Deduction.

 

More Topics ...

Corporate Tax ( MEANING & CONCEPT)

COMPUTATION OF BOOK PROFIT

ANALYSING COMPUTATION OF TOTAL INCOME AND BOOK PROFIT

AMOUNTS EXPRESSLY ALLOWED AS DEDUCTION

EC. 40A : AMOUNT EXPRESSLY DISALLOWED AS DEDUCTION

SEC. 35 : EXPENDITURE ON SCIENTIFIC RESEARCH 

SEC. 35D : AMORTISATIN OF CERTAIN PERLIMINARY EXPENSES

RESTRICTION ON DEDUCTIONS

[SECTION 115JB]  MINIMUM ALTERNATIVE TAX (MAT)

CARRY FORWARD AND SET-OFF LOSES

TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES [ Sec. 115-O ]

 
 
Buy..Tax Management Book @ Rs.550 Buy..Tax Management Book @ Rs.550
 
Taxation in Business & Profession [Section 28 to 44]
Taxation in Business & Profession [Section 28 to 44]

Computation of income under the head 'Profits and Gains of Business or Professions' [Section 28 to 44]

Know more ...
 
 
Get.. Tally.ERP9 Book + GST Practical Assignment @ Rs.550 Tally.ERP9 Book Online Order Tally.ERP9 Book Content
 
Tax Computation with Assessment of Salaried Person, HUF, Individuals
Tax Computation with Assessment of Salaried Person, HUF, Individuals.

Computation of Income with Assessment Under the Head 'Salary', 'HUF', 'Individuals'.


Indivisuals
HUF
Salaried Person
 
© 2019 : IncomeTaxManagement.Com