28 April 2010
The income of the approved scientific research association is exempt from tax and payments made to approved associations engaged in research in social sciences or statistical research would be allowed a weighted deduction of 125 per cent. The income of such approved research associations shall be exempt from tax.
01 May 2010
thanks for the reply.....i would like to clarify the query.....it was regarding sec 35 (2ab)..i wanted to know the forms & the documents required to be submitted as an assessee to claim deduction undr section 35(2AB)for inhouse scientific research expenditure......& also wht exactly does scintific reasearch will construe
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