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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

The expenditure in respect of the scientific research, even if ...


Scientific Research Expenses Deductible for Businesses u/s 35(1)(iv) of Income Tax Act.

December 31, 2013

Case Laws     Income Tax     HC

The expenditure in respect of the scientific research, even if it is capital in nature as it was incurred in relation to the business carried on by the assessee under Section 35(1)(iv) of the Act - the said expenditure is to be deducted - HC

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