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submission regarding sec 35(2ab)

02 March 2018

one got the in-house research development approval from DSIR in June 2017, till March 2020. But expenses regarding research is done from 2012. period from which deduction can be claimed and what are the form to submit to IT department.

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Padmakar Roy (DSIR Recognition & 35(2AB)Consultant) (24 Points)
Replied 16 May 2018

Dear Sir,

DSIR allowes only those R&D expenses which are made "post DSIR in house R&D centre recognition date". That is also only after getting FORM 3CM for the company(Approval u/s 35(2AB) of inocme tax act). In your case your company will be able to get deductions post June 2017.(Only if your company already approved u/s 35(2AB) of inocme tax. However there might be a window availabe to claim benefits of FY 2016-17 R&D capital expenses.

However there might be a possibility that a company can get deduction u/s 35(1) (iv), but for that DSIR in house is not mandatory.

We at www.2abconsultants.com are happy to help any query regadring claims u/s 35(2AB) or DSIR in house recognition.