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Under section 45(7) of the Income-tax Act, 2025, the deduction for capital expenditure on scientific…

Section 45(7) of the Income-tax Act, 2025 applies section 33(11) to scientific-research capital deductions. The unabsorbed amount passes into the allowance for the…

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Under section 45(7) of the Income-tax Act, 2025, the deduction for capital expenditure on scientific research that cannot be absorbed in a tax year for want of sufficient profits can be carried forward

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Section 45(7) of the Income-tax Act, 2025 applies section 33(11) to scientific-research capital deductions. The unabsorbed amount passes into the allowance for the "succeeding tax year", and the process continues without a fixed eight-year or other expiry.

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