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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Claim of deduction u/s 35 - expenditure incurred on in-house R&D ...

Case Laws     Income Tax

May 30, 2018

Claim of deduction u/s 35 - expenditure incurred on in-house R&D facility - The expenditure that is sought to be excluded u/s.43(4)(ii) of the Act is an expenditure which the assessee incurs in acquiring rights in or arising out of scientific research already done by somebody.

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