Hidden Tax Reliefs: How A Govt Sheme Could Boost Your Company’s Savings

Indian businesses aiming to strengthen their research capabilities now have a strategic pathway to significant tax benefits through the Department of Scientific and Industrial Research (DSIR) recognition scheme. By establishing in-house R&D units and obtaining DSIR approval, companies can access substantial cost advantages, ranging from duty-free imports to accelerated depreciation, boosting both innovation and competitiveness in the market.