Introduction
In order to encourage R&D initiatives by industry, and to make R&D an attractive proposition, the Finance Bill 1997 introduced a sub-section (2AB) in Section 35 of the IT Act 1961. Amended text of this sub-section can be seen at Annexure-I of these guidelines. This sub-section provides for weighted tax deduction of a sum equal to two times of any expenditure incurred on scientific research (not being expenditure in the nature of cost of any land or building) in certain areas specified by section 35(2AB) of IT Act, by companies on in-house R&D centres, approved by the 'Prescribed Authority'.
2. Secretary, DSIR has been designated as the 'Prescribed Authority' for purposes of Section 35(2AB) of I.T. Act, as per rule 6(1B), inserted vide Government of India, Department of Revenue’ Notification S.O 259(E) dated 27th March 1998 (fifth amendment rules), effective from 1st day of April 1998.
FI Guidelines (Download904KB) 
[15/07/2025]
Accelerated Depreciation on Plant and Machinery under Rule 5(2) : Guidelines (Download 729KB) [15/07/2025]
How to Apply : For details on how to submit your application, Click here
For additional information, Contact:
| Shri. Vinay Kumar | Shri Narender Kumar Gupta |
|---|---|
| Scientist 'F' Department of Scientific and Industrial Research Room No 507, 5th Floor, New Building Technology Bhavan, New Mehrauli Road, New Delhi - 110 016 Telephone: (011) 26590496, 26590660 |
Scientist 'F' and Member Secretary Department of Scientific and Industrial Research Room No 525, 5th Floor, New Building Technology Bhavan, New Mehrauli Road, New Delhi - 110 016 Phone: (011) 26590661, 26590220 |
On this website in all email addresses [at] = @ and [dot] = .
Last Updated : 30/05/2024
