Business Daily from THE HINDU group of publications
Monday, Dec 01, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Dec 01, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Sugar Corporate - Research & Development Columns - For the Asking Deductibility of research expenses In-house research expenses are tax deductible of course. But contributions to national laboratories such as ICMR, ICSR, IIT, etc., are eligible for a weighted deduction of 125 per cent. I wonder why corporates are not unduly enamoured of it. Sambranth Sambrani, Patna This has got to do with acquisition of intellectual property rights. No company would be willing to sacrifice its intellectual property rights at the altar of tax benefits. A successful research by a national laboratory culminating in acquisition of patents would be a matter of pride for every citizen but then a company cannot be faulted for nursing the ambition of getting the patent itself. For a business, self-interest and self-esteem come ahead of altruism and even tax benefits. S. MURLIDHARAN More Stories on : Sugar | Research & Development | IPR | For the Asking
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