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Section 35 deals with scientific research
Section 35(2AA) states that where the assessee pays any sum to:
That the sum shall be used for scientific research undertaken under a programme approved in this behalf by the prescribed authority, then-
Provided that the prescribed authority before granting approval shall satisfy about the feasibility of carrying out scientific research and shall submit the Report to the Principal Chief Commissioner/Chief Commissioner/Principal Director General/Director General in such form as prescribed.
Provided that where the sum paid to such National Laboratory/University/IIT/specified person in P.Y. beginning on or after 01.04.2021, deduction will be equal to the sum so paid.
Rule 6(7)(h) states that a copy of audited statement of accounts for the approved programme shall be submitted by the Head of the National Laboratory, University or Indian Institute of Technology [or the Principal Scientific Adviser to the Government of India] to the [Principal Chief Commissioner of Income-tax or Chief Commissioner of Income-tax or Principal Director General of Income-tax or Director General of Income-tax having jurisdiction over the sponsor] within six months of the completion of the programme.
Rule 7A(c) states that the company shall maintain a separate account for each approved facility; which shall be audited annually and [a report of audit in Form No.3CLA shall be furnished electronically to the Secretary, Department of Scientific and Industrial Research on or before the due date specified in Explanation 2 to sub-section (1) of section 139 of the Act for furnishing the return of income, for each succeeding year.
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