Amendment of section 35

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..... or shall be inserted; (ii) in sub-section (2AB),- (a) in clause (3), for the words for audit of accounts maintained for that facility , the words fulfils such conditions with regard to maintenance of accounts and audit thereof and furnishing of reports in such manner as may be prescribed shall be substituted; (b) in clause (4), after the words approval of the said facility to the , .....

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..... company shall be entitled for deduction under clause (1) of the said sub-section (2AB) unless it enters into an agreement with the prescribed authority for cooperation in such research and development facility and for audit of the accounts maintained for that facility. It is proposed to amend clause (3) of sub-section (2AB) of the said section to provide that no company shall be entitled for de .....

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..... Chief Commissioner or Principal Director General or Director General. These amendments will take effect from 1st April, 2016 and will, accordingly, apply in relation to the assessment year 2016- 17 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

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