Central Government approves 'Advanced Manufacturing Technology ...

New manufacturing R&D center in Chennai approved for income tax exemption.

Notifications Income Tax

August 31, 2024

Central Government approves 'Advanced Manufacturing Technology Development Centre, Chennai' as an 'Other Institution' under 'University, College or Other Institution' category for 'Scientific Research' purposes u/s 35(1)(ii) of Income Tax Act, 1961 read with Rules 5C and 5E of Income Tax Rules, 1962. Notification effective from previous year 2024-25, applicable for assessment years 2025-26 to 2029-30. No adverse impact from retrospective effect.

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Central Government approves 'Advanced Manufacturing Technology ...

New manufacturing R&D center in Chennai approved for income tax exemption.

Notifications Income Tax

August 31, 2024

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