Question: need right answer please don't copy rem for In an approved programe will quality for a weighted doctor por eduction or .000 - 50.000 to

need right answer please don't copy
rem for In an approved programe will quality for a weighted doctor por eduction or .000 - 50.000 to Year 2014-15. U/ 15 (1) any expenditure incurred during 3 years of during commencemeat is deemed to live been spent the year in which boten commences provided escandi reistes to see's own field of bodo Tol Salary of 42.000 paid during 2014-15 is fully allowcw c) The cost of computer can not be debited a capital expcoditure on search to be treated as business act as it was not used for research and will quality to 6) Any amount niven to aniversity for carrying out research in an approved neka of tocar is eligible for a weighted deduction of 1759 of amount given Rearch my my be related with assessee's business. Hence deduction allowed will be or ? 10.000 depreciation uls 32. ILLUSTRATION 36 ABC is a limited company engaged in the manufacture or automobiles. During the previous year 2014-15, the company has incurred following expenses on scientific research Company purchased latest machinery from Germany and spent 20 laces in April 2014 2. To set up its own research Laboratory, the company purchased a piece of plot for? and doning the year spent 10 lacs on the construction of laboratory-balding 3. In own research laboratory research activities started in the monih of December 2014 and following expenses are incurred upto 31st March 2015 (1) Salary to rescarch stal-2,00,000 (1) Other expenses on rent free accommodation and other perquisites 80.000 un Purchase of raw materials for research 31,60,000 (out of this amount only 90.000 has been certified by the prescribed authority) 4. In January 2015, the company invited from Germany an expert in the field of suchobile research who spent 10 days in the company's research laboratory Company paid trim 2 lacs and spent another 50,000 for his stay in a five star hotel 5. To promote research the company made following payments during the year (a) 50.000 is given to an approved research association (b) 50,000 to another approved rescarch association which has its object of research in the field of social sciences (a) 31,00,000 is given to Indian Institute of Technology-an approved institution by the prescribed authority. This amount is given with specific direction to use the money for undertaking scientific researchStep by Step Solution
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