Our Offices Location

Delhi
Gurugram
Mumbai
Lucknow
Jaipur
Kolkata
Allahabad
PREACH LAW LLP
Kolkata Office at
Chamber No.215, High Court Of Kolkata West Bangal -: 700001
PREACH LAW LLP
Opposite Road No.3, GTI Area,
Sikar Road, Jaipur, Rajasthan - 302013
PREACH LAW LLP
Office at: 805-B, Sector-K,
Ashiana, Lucknow, Uttar Pradesh, India,
PREACH LAW LLP
Office at: Chamber no.-145,
Shaheed Sukhdev Singh Block,
Near Gate No-1,District Court, Gurugram.
PREACH LAW LLP
(Advocates & Attorney)
Reg. Office:E-111-B, Nawada Housing Complex,
Uttam Nagar, New Delhi-110059
PREACH LAW LLP
Antop Hill Ware Housing Co. Limited,
Unit No. C-339, V.I.T. College Road,
Wadala (East), Mumbai - 400 037
PREACH LAW LLP
Allahabad Office at
138-A/1,Ram Priya Road,
Prayag Allahabad, Uttar Pradesh
  • Delhi
    PREACH LAW LLP
    Delhi Office at
    Plot No.B-34, Second Floor, Arjun Park, South West Delhi, New Delhi – 110043, India
  • Gurugram
    PREACH LAW LLP
    Gurugram Office at
    Chamber no.-145, Shaheed Sukhdev Singh Block, Near Gate No-1,District Court, Gurugram.
  • Mumbai
    PREACH LAW LLP
    Mumbai Office at
    Unit No. C-339, V.I.T. College Road,
    Wadala (East), Mumbai - 400 037.
  • Lucknow
    PREACH LAW LLP
    Lucknow Office at
    805-B, Sector-K, Ashiana, Lucknow, Uttar Pradesh, India,
  • Jaipur
    PREACH LAW LLP
    Jaipur Office at
    Opposite Road No.3, GTI Area, Sikar Road, Jaipur, Rajasthan - 302013
  • Kolkata
    PREACH LAW LLP
    Kolkata Office at
    Chamber No.215, High Court Of Kolkata West Bangal -: 700001
  • Allahabad
    PREACH LAW LLP
    Allahabad Office at
    138-A/1,Ram Priya Road, Prayag Allahabad, Uttar Pradesh

Corporate Tax (R&D Tax)

Corporate Tax (R&D Tax)

Key point of our services

Assess liability for claiming R&D incentives
Assisting in implementing systems and processes for capturing the necessary information relating to R&D incentives
Assistance in preparing and processing application forms relevant for recognition and approval of R&D facility
Identifying the expenditure eligible for R&D incentive claims
Preparation, review and facilitating R&D tax incentive claims
Also support services for realization of R&D incentive claims

Corporate Tax (R&D Tax): In order to encourage Investment in Research and Development (R&D) the government of India has provided motivation in the form of various tax incentives. The incentives are basically available in respect of revenue and capital expenditures which are incurred by the entities in carrying out R&D activities related to their businesses also including contributions to various institutions or organizations for carrying out scientific research. Research and development (R&D) tax credits are valuable government relief that rewards the UK Companies for investing in innovations. Corporation Tax (R&D) will help the company to claim tax relief only if such company is liable to Corporation Tax
R&D Tax Relief Scheme: The benefit of claiming relief is available only to companies which are registered under Small or medium sized enterprise scheme or the large company scheme. Eligibility for claiming Relief
The company claiming the relief should understand that R&D projects seeks to achievean advance in overall knowledge or capability in the field of science or technology.
The project must be related to the company’s existing business or if it is a startup which will be based on the results of R&D.
If the company is claiming tax relief under SME scheme it must own any intellectual property that might arise from the project.
R&D Cost that qualify for relief
If the company and project meets the necessary conditions that it is eligible to claim tax relief on revenue expenditure .i.e. day to day business expenditures excluding capital expenditures on assets such as.
Employees Cost related to the employees directly involved in carrying out R&D excluding the consultants, agency workers or directors who have entered in the contract of employment.
Staff providers to whom the company is paying who are actively engaged in carrying out R&D.
Material either consumable or transformable material which are used in carrying our R&D activity.
Clinical trial cost.
Utilities such as power, water, fuel used in the R&D. These does not include telecommunication cost and data cost.
Computer software.
Sub contracted R&D Expenditure

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