When you are finalizing your Income Tax returns and have no inkling of how to claim benefits from income tax benefits for your companies R&D expenditure even though you have your DSIR approval or Form 3CM in hand. Stage 1: Formulate a list of all the eligible Capex & Opex for the previous Financial Year 2018-19 in the format given as per Form 3CL. Stage 2: Get all the documents… Continue reading Confused how to benefit from income tax benefits for your R&D expenses? Do it in 3 simple steps!!

Indian software companies, big and small carry out development projects for clients outside India either onsite at client locations or their development centers based in and outside India. The question is why most of these software companies not claiming R&D incentives for their research or development work which are eligible for the R&D tax credit… Continue reading Why are software companies not claiming R&D Incentives outside India?