Science & Technology Policy

(v) Any other expenditure directly related to R&D.
(Give item-wise break-up of expenditure
more than Rs. 1 lakh in separate sheet)

Total expenditure B(i)to(v)eligible U/S 35(2AB)

C. Total expenditure on the approved R&D centre. (A + B)

D. Details of amounts received by the R&D Centre in cash and kind for:

    1. Commercial sale of prototypes
    2. Donations/payments for sponsored research programmes
    3. Others (specify)
E. Net amount chargeable to R&D expenditure (C – D)

I certify that above expenditure claimed are as per the guidelines issued by DSIR and correct to the best of my knowledge and belief.

Signature of the Managing Director

Date :

Place:

AUDITOR'S CERTIFICATE

I have audited the accounts of the in-house R&D Centre of M/s _______________________________ located at _______________________ which is approved U/S 35(2AB) by the Prescribed Authority (Secretary, DSIR).

I certify that:

  1. The company has maintained separate accounts for the R&D Centre approved by DSIR U/S 35(2AB)
  2. The accounts have been satisfactorily maintained. The expenditure certified are also in consonance with DSIR guidelines.
  3. The firm has extended full co-operation to me in carrying out the audit of the accounts of the R&D Centre

The expenditure reported at `4’ above is correct to the best of my knowledge and belief as per the result of the audit of the approved R&D Centre carried out by me.

Signature & Seal of the Auditor

Date :

Place:

GUIDELINES FOR APPROVAL OF IN-HOUSE R&D CENTRES AND CERTIFICATION OF EXPENDITURE UNDER SECTION 35(2AB) OF IT ACT 1961

JANUARY 1999

DEPARTMENT OF SCIENTIFIC & INDUSTRIAL RESEARCH MINISTRY OF SCIENCE AND TECHNOLOGY
TECHNOLOGY BHAVAN, NEW MEHRAULI ROAD
NEW DELHI

 

CONTENTS


PARTICULARS PAGE NO.


Preamble 1

R&D Centres eligible for approval 1

Conditions subject to which approval is given 2

Documents required for examination of applications 4
by DSIR

Documents required to be submitted for certification 4
of expenditure for deduction u/s 35(2AB)

Procedure for approval 4

How to apply for approval 5

How to apply for certification of expenditure 5

ANNEXURE-I

Text of Section 35(2AB) of IT Act, 1961 6

ANNEXURE-II

Text of Notification S.O 259(E) dt 27.3.98 7
for amendments in IT Rules

ANNEXURE-III

Additional Information required by DSIR 15

for the approval of R&D facility

u/s 35(2AB) of I.T. Act

ANNEXURE-IV

Additional Information to be submitted 25

separately for each R&D Centre

approved by the Prescribed Authority

u/s 35(2AB) of I.T. Act at the time of

certification of the expenditure by

Secretary, DSIR as per form 3CL.