Fiscal Incentives for Scientific Research (FI)



2st Chintan Shivir (Download 1.13 MB )pdf: Stakeholders Brainstorming on Fiscal Incentives (FI) with Agriculture/Agro Chemicals/ Biotech on 21st August 2023 at 10:30 am DSIR ;[25/08/2023]NEW

“2nd CHINTAN SHIVIR”- Online stakeholder’s meeting on Fiscal Incentives (FI) with Agriculture/Agro Chemicals/ Biotech on 21st August 2023 at 10:30 am DSIR is organizing an Online a stakeholder’s brainstorming meeting/CHINTAN SHIVIR with Agriculture/Agro Chemicals/ Biotech sector on 21st August 2023 at 10:30 am to seek industry’s views and suggestions on Enabling mechanisms and modalities for greater private sector participation in R&D throughindustry-centric motivational measures/Incentive, particularly on Agriculture/Agro Chemicals/ Biotech. DSIR invitesAgriculture/Agro Chemicals/ Biotech Stakeholders to participate actively in the meeting & present their views on challenges and required policy initiatives, if any for promotion of industrial R&D by the Department. The meeting link shall be shared with participants through email separately. UPDATED [ 16 Aug 2023 ]


1st Chintan Shivir (Download 589KB )pdf: Stakeholders Brainstorming on Fiscal Incentives (FI) with Pharma Sector [29/05/2023]

An Online stakeholder’s brainstorming meeting on Fiscal Incentives (FI) with Pharma Sector was organized successfully in DSIR on 3rd May 2023 at 10:30 AM under the Chairmanship of Joint Secretary DSIR and Head FI Scheme. The meeting was addressed by renowned scientific experts from CSIR, representatives from Dept. of Pharma, Industry associations – IDMA, IPA and others. More than 50 participants from pharmaceutical industries attended the meeting online. The interaction outlined ways to develop Enabling mechanisms and modalities for greater private sector participation in R&D through industry-centric motivational measures/Incentives particularly in Pharma sector. Participants highlighted the need for incentivizing private sector R&D space and devising new methods to encourage it so that more industries with the passion for scientific research are attracted towards it.


“CHINTAN SHIVIR”- Online stakeholder’s meeting on Fiscal Incentives (FI) with Pharma Sector on 3rd May 2023 at 10:30 am Click Here (Download 193 KB)pdf  [26/04/2023]

Continuation of issuing 3CM Approval and 3CL Reports u/s 35(2AB) of IT Act 1961 for 100% weighted tax deductions beyond 31.03.2020 under FI Programme of DSIR [07/03/2022]

DSIR will continue to issue 3CM Approval and 3CL Reports for the financial years FY 2020-21 (AY 2021-22) onwards for 100% weighted tax deductions beyond 31.03.2020 under section 35(2AB) of IT Act 1961. The Extended Target date for receipt of application are:

1. 31.12.2022 for 3CK application for FY 2020-21 & for FY 2021-22 only and
2. 31.03.2023 for 3CL application for FY 2020-21 (AY 2021-22) & for FY 2021-22 (AY 2022-23) only
3. The timelines for submission of 3CK application and 3CL application will be in accordance to applicable guidelines for the period FY 2022-23 and onwards.


Introduction

Government has evolved, from time to time, fiscal incentives and support measures to encourage R&D in industry and increased utilization of locally available R&D options for industrial development. Incentives to encourage investments in R&D by industry are announced time to time in the Union Budget. Fiscal incentives and support measures presently available are mentioned in the annexure.

  • Approval u/s 35(2AB) of Income Tax Act of 1961

Guidelines:

  Application form and guidelines for 3 years Excise Duty waiver on patented goods (Download 366KB)pdf [ 28/2/2014 ]

Technical Reports:

 


"Due to the COVID-19 pandemic, the Prescribed Authority has approved to extend the filing of Form 3CL Documents for the Financial Year 2019-20 (Assessment Year 2020-21) to be submitted to DSIR on or before 31st October every year to 31st December 2020" [03 NOV 2020]


 

For additional information, Contact:

Dr P K Dutta Shri Narender Kumar Gupta
Scientist 'G' and Head
Department of Scientific & Industrial Research
Room No 524, 5th Floor, New Building
Technology Bhawan, New Mehrauli Road
New Delhi-110016

Phone: (011) 26590658, 26590394
E-mail: pkdutta[at]nic[dot]in

Scientist 'F' and Member Secretary
Department of Scientific and Industrial Research
Room No 525, 5th Floor, New Building
Technology Bhavan, New Mehrauli Road,
New Delhi - 110 016

Phone: (011) 26590661, 26590220
E-mail: narender[dot]gupta[at]nic[dot]in

On this website in all email addresses [at] = @ and [dot] = .


Last Updated : 14/05/2024