Example on Section 35

Example on Sec35
Ques.
SHAYVIDZ Aqua Ltd. furnishes following particulars for the P.Y.2010-11
A.Payment for Scientific Research
1.Indian Institute of Science,Bangalore-1L
2.IIT,Delhi-2.5L
3.X Ltd.-4L
B.Expenditure on in-house R&D Facility - Revenue exp 3L & Cap Exp(Including land of 5L) 7.50L

Ans.
A.
1.u/s35(1)(ii)175%
2.u/s35(2AA)175%
3.u/s35(1)(iia)125%

B. u/s35(2AB)
Rev Exp 200% of 3L &
Cap Exp 200% of 2.5L

Total deduction allowable u/s35 for A.Y.2011-12 = 22,12,500