ITD Form 3CJ India

Report to be submitted by the prescribed authority to the Director General (Income-tax Exemptions) after approval of scientific research programme under section 35(2AA) of the Income-tax Act, 1961

This report summarizes information to be submitted by a prescribed authority to the Director General of Income-tax Exemptions after approval of a scientific research programme under section 35(2AA) of the Income-tax Act, 1961. The document includes details such as: - Name and address of the National Laboratory/University/specified person with contact information - Name and designation of the Prescribed Authority - Agency under which the National Laboratory is functioning - Sponsor's name and address with contact information - Permanent Account Number or Aadhaar Number of the applicant - Nature of Business/activity of the sponsor, annual turnover, and research and development expenditure during the last three years - Details of deduction claimed by the sponsor under section 35(2AA) of the Income-tax Act during the last eight years - Purpose of the Scientific Research Programme, including objectives, implementation stages, expected results, commercialization prospects, and potential for foreign exchange saving and exports - Commencement date, duration in months, total cost, payment terms, patent rights and commercialization agreement details - Certification of the above information's truthfulness - Undertaking to maintain separate accounts, submit annual progress reports, and final report with audited statement of accounts upon completion of the programme