Anirudh had made payment of (i) ₹ 30,000 to IIT, Kanpur for an approved scientific research program (ii) ₹ 45,000 revenue expenditure on in house R&D facility as approved by the prescribed authority and (iii) ₹ 1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction available while computing the income under “Profits and gains from business’’ in the Assessment Year 2021-22.

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Question:Anirudh had made payment of (i) ₹ 30,000 to IIT, Kanpur for an approved scientific research program (ii) ₹ 45,000 revenue expenditure on in house R&D facility as approved by the prescribed authority and (iii) ₹ 1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction available while computing the income under “Profits and gains from business’’ in the Assessment Year 2021-22.

1.₹ 2,40,000

2. ₹ 1,75,000

3.₹ 2,62,500

4.₹ 2,65,000

Posted by R4R Team
  1. Anirudh had made payment of (i) ₹ 30,000 to IIT, Kanpur for an approved scientific research program (ii) ₹ 45,000 revenue expenditure on in house R&D facility as approved by the prescribed authority and (iii) ₹ 1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction available while computing the income under “Profits and gains from business’’ in the Assessment Year 2021-22.
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