Almost 260 scientists from around the world have applied for the New Delhi Visiting Advanced Joint Research (VAJRA) R&D scheme, which attracts the top international talent in the country’s [...]
Tax credit for R&D and Patents
India promotes innovation and research and development by offering a number of tax deductions for performing qualified research activities in India.
Description of Incentive
R&D tax incentives in India including the following:
- A 200% super deduction for in-house expenditure. This incentive is limited to those in the bio-technology, manufacturing and production industries.
- A 125% to 200% super deduction for payments made to specific entities conducting qualified research and development in India.
- A 100% deduction for R&D expenses that do not qualify for the above incentives.
Swanson Reed offers the following services:
- Advice on tax preparation relevant to claiming the R&D tax credits incentive
- Preparation of documents relating to filing and substantiating a R&D taxation claim
- R&D tax advice and consultations
- R&D tax claim planning and preparation