| |
|
|
Benefits
available for "In-house R&D Centres"
of companies are -. |
| |
| C150%
of the total expenditure whether Revenue
or
Capital in nature Weighted Deduction in Income
Tax for 3 years & more. |
| |
| CDuty
free import of specified goods (Analytical &
specialty equipments) |
| |
| CCommercial
R&D companies eligible for 10yrs. tax holiday |
| |
| COther
Benefits – Excise duty waiver for 3 yrs.,Custom
& Excise duty
exemption, state subsidy etc |
| |
| Financial
and other incentives To R & D Centre |
| |
| Write
off of revenue expenditure on R&D
; |
| |
Write
off of capital expenditure on R&D
in
the year theexpenditure
incurred; |
| |
Weighted
tax deduction of 125% to the sponsor
of
sponsored research
programmes in universities, IIT’s
and approved
national
laboratories. |
| |
Weighted
tax deduction @ 150% on R&D expenditure
incurred in the approved in-house R&D centre
of biotechnology or in the business of manufacture
or production of any drugs. Pharmaceuticals,
electronic equipments, computers, telecommunication
equipments, chemicals, aircrafts and helicopters,
automobiles including automobile components,
or, any other article thing notified. Expenditure
on scientific research in relation to drugs
and pharmaceuticals shall include expenditure
incurred on clinical drug trials, obtaining
approvals from any regulatory authority under
any Central, State or Provincial Act and filling
an application for a patent. |
| |
The
Ministries/ Govt. Depts. involved in giving
approvals are: |
| |
|
|
|
- Ministry
of Science and Technology
|
- Ministry
of Heavy Industries
|
- Ministry
of Shipping, Road Transport and Highways
|
- Ministry
of Small Scale Industries
|
- Ministry
of Statistics and Programme Implementation
|
|
|
- Department
of Industrial Development
|
- Department
of Electronics
|
- Department
of Telecommunication
|
- Department
of Bio-Technology
|
- Indian
Council of Agriculture Research
|
- Council
of Scientific & Industrial Research
|
- Indian
Council of Medical Research
|
- Defence
Research & Development Organisation
|
- Department
of Atomic Energy
|
|
| |
Tax
holiday for ten consecutive assessment
years beginning from initial assessment year
companies, whose sole object is The Scientific
and Industrial Research and Development , and
who are approved after the 31st day of March
2000 but 1st April , 2007 |
| |
| Income
tax exemption @ 125% to Donations made
to approved Scientific and Industrial Research
Organisations |
| |
Accelerated
depreciation allowance for investment
on plant and machinery made on the basis of
indigenous technology. |
| |
Customs
duty exemption to public funded R&D
institutions and privately funded scientific
and industrial research organisations, both
for capital equipment and consumables needed
for R&D |
| |
Excise
duty exemption to duty exemption for
3 years on goods designed and developed
by a wholly owned Indian company and patented
in any two countries out of India , USA, Japan
and any one country of European Union |
| |
Exemption
from customs duty on imports made by
industry for R&D projects. |
| |
Exemption
from price Control of Drugs (Prices
Control) Order for drugs, which have been developed
indigenously or produced through a process,
developed through indigenous R&D. |
| |
Pharmaceutical
reference standards are allowed to be
imported duty free. |
| |
Goods
specified in List 28 (Comprising
of analytical and specialty equipment)for use
in |
| |
| pharmaceutical
and biotechnology sector are allowed to be imported
duty free meeting certain condition |
| |
| Supports
in the form of Grants for industrial
R&D projects. |
| |
Support
in the form of loans/Grants
for industrial R&D. Support to industry
for R & D through sector specific programmes
of scientific and economic ministries. |
| |
| Association
of industry with the national R&D
programmes in area of Atomic Energy Space and
Defence research. |
| |
Promotion
of technology transfer from national
laboratories and nationally funded R&D Programmers
to industry through public sector organisations.
|
| |
Financial
support to meet the developmental expenditure
for - |
| |
| CR&D
Project for development of a new/improved product |
| C R&D
Project for development of a new/improved process |
| C R&D
Project for development of Capital Goods
for
Indian/Export market |
| C R&D
Project for absorption of imported technology |
| with
know-how studies |
| |
| |
| |
|
|
|
