State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (ii) For expenditure (revenue or capital) on in-house scientific research by
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2015
State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (ii) For expenditure (revenue or capital) on in-house scientific research by a company engaged in business or manufacture or production of any article other than those specified in the Eleventh Schedule of the Income-tax Act, 1961.
Answer & Explanation:
200% of the expenditure.
Topics: Income Tax
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