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TMI BlogApplication form for entering into an agreement with the Department of Scientific and Industrial Research for co-operation in in-house Research and Development facility and for audit of the accounts maintained for that facilityX X X X Extracts X X X X X X X X Extracts X X X X ..... hief Commissioner of Income-tax or Principal Director General of Income-tax or Director General of Income-tax having jurisdiction over the company. 3A. Please specify the nature and business/activity of the company- (a) business of bio-technology (b) manufacture/production of article or things (Please specify the product).] 4. Annual production of the eligible products of the company during the past three years. 5. Annual expenditure on scientific research of the company during the past three years, giving break-up of expenditure on land and buildings. 6. Please give details of the nature of existing in-house Research and Development facilities including the address of the in-house Research and Development fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch has to be attached with the return of income under sub-section (1) of section 139 to claim deduction under section 35(2AB), (v) Subject to the First Party meeting the conditions specified under sub-section (2AB) of section 35, and on being satisfied of the feasibility of the said in-house Research and Development facility in terms of objectives and of the genuineness and of the expenditure on said Research And Development facility by the First Party , the Second Party shall be submit its report in relation to the approval of the said facility to the 3 [ Principal Chief Commissioner of Income-tax or Chief Commissioner of Income-tax or Principal Director General of Income-tax or Director General of Income-tax having jurisdiction over t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dertake to : (i) maintain separate accounts for both revenue and capital expenditure on scientific research including that on in-house Research and development facility, which shall be annually audited by an accountant as defined in sub-section (2) of section 288 of the Income-tax Act, 1961, and a copy of which has to be attached with the return of income under sub-section (1) of section 139 to claim deduction under sub-section (2AB) of section 35; (ii) submit annual progress reports to the secretary, Department of Scientific and Industrial Research; 4 [(iii) render full co-operation in carrying out the Research and Development work relating to bio-technology or manufacture or production of any eligible article or thing under sub- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Enclose a copy of DSIR recognition of the in-house (R D) centre. 5 [ANNEXURE-I (a) Information to be furnished separately in respect of each research and development facility approved by prescribed authority under section 35(2AB) of the Act. 1. Name and address of the registered office of the company 2. Permanent Account Number of the company 3. Previous year 4. Assessment year 5. A brief note on progress of each of the projects shown in the application to the prescribed authority at the time of approval. Any changes with regard to the scope of the projects as originally envisaged may be highlighted. 6. Details of any additional projects taken up during the previous year. 7. Details of changes, if any, in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets disposed off/ transferred. I certify that above expenditure claimed is as per the guidelines issued by Department of Scientific and Industrial Research and is true and correct to the best of my knowledge and belief. ------------------------------------------------------------ Signature of the Principal Officer of the company ------------------------------------------------------------ (Name, designation and address) Date: -------------------- Place: -------------------] ----------------- Notes:- 1. Substituted vide Not. 29/2016 - Dated 28-4-2016 , w.e.f. 1 st day of July, 2016, before it was read as, 3. Please specify the nature and Business/activity of the company--- Manu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bstituted vide Not. 29/2016 - Dated 28-4-2016 , w.e.f. 1 st day of July, 2016, before it was read as, (iii) render full co-operation in carrying out the Research and Development work relating to manufacture or production of drugs, pharmaceuticals, electronic equipments , computers, telecommunication equipments, chemicals or any other article or thing notified by the Central Board of Direct Taxes, under sub-section (2AB) of section 35; and (iv) assets acquired by the approved facility will be utilised only for the approved purpose and shall not be disposed off without the approval of the Secretary, Department of Scientific and Industrial Research. 5. Inserted vide Not. 29/2016 - Dated 28-4-2016 , w.e.f. 1 st day of July, 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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