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Income Tax - Highlights / Catch Notes

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Weighted deduction for expenses incurred towards clinical trial ...


Weighted Deduction Allowed for Clinical Trial Expenses u/s 35(2AB) of Income Tax Act to Boost R&D Incentives.

July 1, 2023

Case Laws     Income Tax     AT

Weighted deduction for expenses incurred towards clinical trial expenses - Explanation to section 35(2AB) - The section allows the expenditure incurred towards clinical trial by the approved entity and, therefore, we see no reason to deny the benefit of weighted deduction or the expenditure incurred by the assessee towards clinical trial - AT

 

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