Mr. Beenu Sharma, furnishes the following particulars for the previous year 2025-26. What would be the amount of deduction allowable under section…
CA Final · Direct Tax Laws and International Taxation · MTP · May 2026
Mr. Beenu Sharma, furnishes the following particulars for the previous year 2025-26. What would be the amount of deduction allowable under section 35 for A.Y.2026-27, while computing his income under the head "Profits and gains of business or profession", if he is paying tax under default tax regime under section 115BAC? Particulars ₹ Amount paid to IIT, Delhi for an approved scientific research programme 1,50,000 Amount paid to RM Ltd., a company registered in India which has as its main object scientific research and development, as is approved by the prescribed authority 3,00,000 Expenditure incurred on in-house scientific research and development facility as approved by the prescribed authority related to his business (a) Revenue expenditure on scientific research 3,00,000 (b) Capital expenditure (including cost of acquisition of land - 8,00,000) on scientific research 9,50,000
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 4,50,000
Topics: Double Taxation Relief, Assessment of Trusts and Institutions, Political Parties and Other Special Entities, Non-Resident Taxation
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