Rule-18BBD (of Income Tax Rules, 1962), Prescribed authority for approval of companies carrying on scientific and industrial research and development

Rule-18BBD (of Income Tax Rules, 1962), Prescribed authority for approval of companies carrying on scientific and industrial research and development

Income Tax

Prescribed authority for approval of companies carrying on scientific and industrial research and development.

For the purposes of sub-section (4B) of section 80-IA (of Income Tax Act, 1961), the prescribed authority shall be the Secretary in the Department of Scientific and Industrial Research and Development, Ministry of Science and Technology, Government of India.]

CONCEPTS