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Tuesday, October 04, 2005

Incentives for research

Incentives for scientific research under Income tax Act

Ministry of Finance , Government of India, has set up a committee to look into the incentives/ deductions under income tax rules and evolve ideas for more focused spending on genuine research activity. Dr R A Mashelkar, Secretary, DSIR is the chairman of this committee. The committee has to submit its report by end of November 2005.

Any suggestions?

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