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Incentives available for R & D Centres

Wednesday, December 14, 2011

1) You can avail 200% of the dedicated R & D expenditure both for revenue and capital u/s 35 of the Income Tax Act as deduction from your Taxable Income.
2) CAPEX (Capital Expenditure Incurred) would include all equipments irrespective of its age i.e. if it is less than 182 days, the benefit would be 200% and would not be prorated as is done Income Tax for charging of depreciation.
3) Revenue expenses as it is allowed 200% by the Tax authorities irrespective whether it was incurred on a failed project.
4) Revenue expenses viz. travel, salary, other incidental expenses etc. of the R & D personnel is eligible for 200%.
5) Custom Duty:
The Custom Duty varies from 5% to 165% whereas, if the asset is imported by R & D Department, the duty to be paid would be zero%
6) Central Excise:
Zero Excise Duty for 3 years, if your product has a patent (with certain conditions).
7) Financial Assistance:
Once you are an approved R & D Centre, you are eligible for Grants from the Government on Project to Project.

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Selection of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

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