"ResearchAndDevelopment.in"

 

 

 

 

 

 

 

 

 

 

 

 

 

     
 
 
Even as Finance Minister P. Chidambaram said that a final decision on expiry of tax benefits to export-oriented units (EoUs) and Software Technology Parks of India (STPls) had not been taken yet, government sources indicated that an extension of the concessions was unlikely.
 
Finance Minister, P. Chidambaram said "We have up to 31-3-2009, to take, a view on that."
STPIs and EoUs enjoy direct-tax exemptions under section 10A and 10B of the Income Tax Act, 1961, which are set to expire on 31-3-2009. There are more than 8,000 STPI-registered units and 2,300 EoU units spared across the country.
Finance ministry officials added that companies should not have put up units in STPI and EoUs, knowing that the provisions were set to end by 31-3-2009. "Small players knew that the tax exemption was ending. If they knew that, why did they set up units," an official said, adding that while there was enough time till March 2009 to take a final decision, "how long can one keep feeding milk to children".
A high-power committee, headed by National Manufacturing Competitiveness Council (NMCC) Chairman V. Krishnamurthy, had recommended to the finance ministry to extend the expiry of tax benefits for EoUs by another year. Moreover, a finance ministry sponsored study, conducted by economic think-tank Indian Council of Research in International Economic Relations (ICRIER) has also recommended extension of the tax sops for STPIs and EoUs.
In Budget 2008-09, fiscal benefits to EoUs were further tightened by making sale of goods to domestic tariff area more costlier. This was done by increasing basic Customs duty payable by EoUs for sale of goods to DTAs from 25 per cent to 50 per cent. This would further squeeze profits of EoUs, on which Minimum Alternative Tax (MAT) was imposed.
 
To promote outsourcing of research, a weighted deduction of 125% on any payment made to companies engaged research and development is proposed.
 
Deduction in respect of sum paid to a company for scientific research
 
The Finance Bill, 2008 proposes to introduce a new clause (iia) in sub-section (1) of section 35. The proposed section 35(1)(iia) seeks to provide tax benefits in respect of any sum paid to a company carrying on scientific research. This benefit would be allowable from the assessment year 2009-10.
 
(i) Benefit under section 35(1)(iia)-To whom available
Benefit under section 35(1) (iia) would be available only to a person carrying on business or profession. Therefore, any individual/AOP/HUF/BOI (other assessees would also be so eligible but we have referred to these entities because this article is focused on personal income-tax assessee) would be eligible for benefit under section 35(1)(iia) if they carry on any business or profession.
 
(ii) Benefit in respect of which amount
Tax benefit under section 35(1)(iia) would be available in respect of any amount paid to a company to be used by the company for scientific research.
 
(iii) Amount of deduction
Deduction under section 35(`1)(iia) would be allowed in an amount equal to 1.25 times of the sum paid to a company to be used by it for scientific research.
 
(iv) Condition to be fulfilled by company
 
  • The company to which payment can be made
  • shall be registered in India,
  • shall have as its main object the scientific research and development,
  • shall be, for a purposes of section 35(1)(iia), for the time being approved by the prescribed authority in the prescribed manner, and
  • shall fulfil such other conditions as may be prescribed.
 
 
World’s best R & D Companies
 
With corporates looking at global vistas to expand their Research and Development (R&D) operations, A survey by the R & D magazine found some top companies who have made research and development an integral part of their corporate plan.
 
10 best R & D companies of the world
 
1. IBM
2. General Electric
3. DuPont
4. 3M
5. Toyota
6. Google
7. Apple
8. Microsoft
9. Genetech
10. Dow Chemical
 
The tier system
 
  • IBM, General Electric, and DuPont share the top tier because of the outright volume of research performed, their consistent performance in this area, and their longstanding, continued, and growing global R & D presence.
 
  • The middle tier was dominated by 3M, Toyota, Google and Apple due to their dramatic growth over the past several years based primarily on the value contributed by their R & D operations.
 
  • The bottom tier dominated by Microsoft, Genetech and Dow Chemical consists of large, well-respected R & D players, with entrenched global development programs that will continue to grow their companies.
 
You can Import a Car for your R & D Centre
     
For limited purpose of carrying out endurance test, evaluation test and for other testing purposes as a part of Research & Development activity, the Vehicle manufactures and auto component manufactures are allowed to import vehicle including cars.
 
PRESENCE OF GAS HYDRATES IN KRISHNA-GODAVARI BASIN
 
R & D work is in process to develop a viable Technology to produce gas out of gas Hydrates.
 
It is estimated the country has 1,896 trillion cubic metre of gas captured in gas hydrates
 
India is the third country in the world after the US and Japan to collect gas hydrate sample in its deepwaters.
 
Development of this unconventional source of energy could meet a part of India’s demand for gas.
 
Scientist / Doctor - carrier
 
Open your unit in Ruderpur / Sitarganj / Kashipur / Haridwar / Rishikesh / Dehradun (Uttranchal) , Baddi / Nalagarh ( H.P ) and J & K. Avail the following core incentives
C100% Central Excise exemption for 10 years 
C100% Income Tax exemption for first 5 years
CCST @1% for 5 years
CCapital Investment Subsidy @15% with maximum of Rs. 30 Lakhs (Rs. 3 million).
CCentral Transport Subsidy till 2012.
 
R & D SPENDINGS IN DRUGS WILL BE HIT
 
R & D spending on drugs will be hit by Govt's Proposal to extend price control from the present 74 bulk drugs and formulation to 354 drugs under the national list of essential medicine.
 
A TRUST WITH APPROVAL U/S 35(1)(ii) OF THE INCOME TAX ACT 1961 APPEALS FOR DONATION
Donation to the THE BABA JASWANT SINGH TRUST would entitle the donor 125% deduction from IncomeTax.
 
The Baba Jaswant Singh Trust (Regd.), Ludhiana, is a registered non-Govt. Organization with its office at Nanaksar Complex, Samrala Bye Pass Chowk, Ludhiana (Punjab), has been established with the overall objective of human welfare.
 
irrespective of cast, creed and social/economic status having offices in New Delhi, Ludhiana, London (U.K.) The sole motto of the trust is to foster human values and welfare with esteemed devotion indeed.
The improvisation of health care facilities through progressive scientific/medical research projects and imparting medical/dental education has been high on the agenda of the Trust. However, in tune with the ethos of humanization, the Trust has continuously been nursing the needy and deserving with free medical aid, medicines, clothes, etc., besides running community kitchen for the welfare of all, notwithstanding the solace provided through eternal sermons by His Holiness Baba Jaswant Singh Ji.The Trust is engaged in several philanthropic and charitable activities since its inception_ organizing social/health care camps for providing comprehensive health care services through community out-reach, patient care, education and research. Trust has also established a Sarai where free lodging, food and basic health care facilities are extended to the needy and deserving people including patients and their attendant's.In brief the sole motto of the trust is to foster human values and welfare with esteemed devotion indeed. And to realize its mission in words & in deeds, Trust has conceptualized & successfully established deemed institutes for health care and medical education, achieving new milestones under the agile & visionary guidance of saintly soul Baba Jaswant Singh Ji, an engineering graduate complemented by a council of eminent educationists, professionals & intellectuals.
 
The trust runs a dental college in Ludhiana which offers state-of-the-art health care to the people in the region, besides providing the best quality education and research facilities in the field of Medical Technology, Diagnostic and Therapeutic Dental care Equipment’s and employs the best professionals.This Baba Jaswant Singh Dental College Hospital and Research Centre
 
carries out routine extraction and other specialized surgical procedures for disease of Jaws and otherparts of the mouth. Oral and Maxillofacial
 
 


Surgery facilities are extended to the Casualty Department of Goa Medical College. Special Orthognathic procedures are also being carried out. Management of fractures of the mandible, maxillae and nasal bones treatment by means of titanium miniplates & scarless “Key-hole” surgery technique.
  • Dental Implants-Rehabilitation of the missing teeth using dental implants.
  • Surgical /conservative management of facial neuralgic pain and other painful conditions of the head & neck.
  • Surgical management of cysts, tumors and pre-cancerous lesions of the oral cavity and jaws.
  • Management of Ankylosis of TMJand other TMJ pain/internal derangements.
  • Surgical removal of impacted wisdom teeth
  • Many other Surgical procedures
The Department is equipped with a Modern Operation Theatre & Inpatient Facility for post operative care. A step ahead in its commitment towards “Excellence in Oral Health & Education”, Trust has pioneered the first of its kind Oral Implantology Centre of North India in collaboration with Implant Education Centre, Oppenhein, Germany and Professor Dr. Jan Kielhorn as visiting faculty. The Oral Implantology Centre, a unit of Department of Oral & Maxillofacial Surgery provides information & management of all aspects of Oral Beautification and Rehabilitation through Dental Implant under the supervision of highly trained and experienced faculty. The institution will also be introducing a learning programme - One-Year Certificate Course.
An ounce of prevention is worth a pound of dental care", prevention rather than cure has always been the bed rock of public health practice and the community dentistry team strives to fulfill the dictum by organizing free dental camps in schools, colleges, industries and peripheral villages. In these weekly camps, dental care awareness, diagnosis, treatment & medicines are provided free of cost. Even though these camps lay emphasis on providing primary and urgent oral health care, patients are also referred to the college OPD for continued follow up & evaluation. Various educational charts and other audio visual methods are employed to educate people regarding various diseases, their prevention and cure.
The Trust is expanding its infrastructure by developing the base hospital & satellite education, health care and research centres in various districts of state of Punjab.The new proposed hospital project being SRI GURU AMARDAS GENERAL HOSPITAL & RESEARCH INSTITUTE .
The Inspiration - Sri Guru Amar Das JiBorn in 1479, Sri Guru Amar Das Ji was the third Guru of the Sikhs. He preached and practiced the ideal of serving the needy as the supreme worship of God. He established the unique institution of "Langar" (free community Kitchen) to serve as a symbol of universal brotherhood and equality for mankind regardless of caste/ creed, race/colour and rich or poor. His deep concern and involvement with the suffering humanity has been the guiding Light and inspiration behind, The Baba Jaswant Singh Trust's mission of alleviating misery by establishing a Hospital of international standard health care facilities in Punjab.Vision & the motive through Ludhiana, the industrial capital and geographic centre of Punjab has progressed leaps and bounds in health sector, but the existing medical facilities are still not sufficient to meet the ever increasing health care needs of entire state, especially that of poor and the needy. The latest treatment and diagnostic facilities are way too expensive to be availed by common man. This is void between medical care and the deserving patient, is what the Trust seeks to bridge in the service of people and the everlasting glory of the great guru.Hospital with a differenceSri Guru Amar Das Hospital, the much needed 300-Bedded Super-Specialty Hospital, with international standard diagnostic, surgical and rehabilitation facilities, ultra-modern equipment, manned by a team of highly qualified and dedicated professionals. Designed by a panel of world-class architects, eco-friendly and pollution free, the hospital will provide a thoroughly professional staff at all levels for treatment, nursing care and attention extended with compassion and devotion.The Hospital shall have following super-specialty departments equipped with the latest diagnostic and therapeutic facilities.• Cardiology & Cardiothoracic surgery • Neurology • Nephrology & Urology • Orthopaedics • Paediatrics • Dermatology • Gastroenterology • Critical Care Medicine • Opthalmology • Obstetrics and Gynaecology • Radiology & Imaging Sciences Outstanding merit and quality norms will guide the selection of medical and paramedical staff. The medical personnel shall be kept updated through appropriate refresher courses/training so that the hospital continues to be model institute of excellent health care delivery systems.A comprehensive plan to develop a Nursing College and para-medical training institute is under way.
 
The Site :
The site is approx 35 acres for base hospital & Research Institute in Ludhiana and at U.K.
 
Development Brief :
The development proposed is for a comprehensive 500 bedded teaching hospital and research complex clubbed with facility of air ambulance to provide fast facility for trauma and cardiac failure emergencies.
PROJECT COST Rs. 10,000 crores (approx)
Existing / Proposed Project
S.NO.
PARTICULARS
EXISTING/PROPOSED
1
 Hospital & Research Centre Chandigarh Rd., Ludhiana
15 Acres
2
 Dental Hospital, Ludhiana 10 Acres
3
 Multipurpose Centre 10 Acres
4
 Rural Health care, education & Research Centre 100 Acres for 20 Research Centre
5
 Education Centre, London 1 Acre
6
 Guest Houses/Community Centre/Mediation Centres 10 Acres
 
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