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Expenditure on Scientific Research (Graphical Presentation) (Section 35)

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 ]

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