Tax breaks for Business in India
Please explain in very simple language and avoid jargons please. Also, please keep it short.
Imagine your explaining this to a 5th standard child.
What do I expect:
In short, I want to know what is the tax benefit and how it works. Don't put any numbers there.
If you use your property for research. Then you will get a tax break.
Govt wants to more research in renewable energy, so its giving tax breaks for those who do it. It makes govt job easier.
No need to go deep into the procedure, qualifications, legislation and all that. I just want the overall idea. That's it.
If you are interested please answer the following questions.
1) Send a Sample of tax breaks in India. Select one tax break and explain it in simple words.
Expenditure on Scientific Research [Section 35]
Now, tell me, what is it? How it works and give an example of some company which has used this tax break.
2) Which is the best time to reach you?