TMI BlogIncome-tax (1st Amendment) Rules, 2001X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 80 IB , of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:- 1. (1) These rules may be called the Income-tax (1 st Amendment) Rules, 2001. (2) They shall come into force on the date of their publication in the Official Gazette. 1. In the Income-tax Rules, 1962 , i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m the initial assessment year. 18DA. Prescribed conditions for deduction under sub-section (8A) of section 80-IB. (1) Any company carrying on scientific research and development shall be eligible for deduction specified in sub-section (8A) of section 80-IB, if such company (a) is registered in India; (b) has its main object the scientific and industrial researc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year to the prescribed authority. (2) Every company which is approved under sub-rule (2) of rule 18D shall (a) sell any prototype or output, if any, from its laboratories or pilot plants with the prior permission of the prescribed authority; (b) intimate the change, if any, in its memorandum of association and articles of association relating to its main objects and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to in sub-rule (1) shall make an application to the prescribed authority for the purposes of obtaining approval. (5) Every application referred to in sub-rule (4) shall be accompanied by (a) memorandum of association and articles of association incorporating all amendments duly certified by the company secretary or managing director of the company; (b) annual repor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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