Rule – 18C, Eligibility of Industrial Parks for benefits under section 80-IA(4)(iii)
March 19, 2018
Rule – 18DA, Prescribed conditions for deduction under sub-section (8A) of section 80-IB
March 19, 2018

Rule – 18D, Prescribed authority for approval of companies carrying on scientific research and development

18D(1) For the purposes of sub-section (8A) of section 80-IB, the prescribed authority shall be the Secretary, Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.

(2) The prescribed authority shall initially grant approval to a company carrying on scientific research and development for a period of three assessment years and subject to satisfactory performance of that company on periodic review extend the said approval for a further period of three assessment years so that the total period of approval is for ten consecutive assessment years, beginning from the initial assessment year.

 

Reference: www.incometaxindia.gov.in

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