Tax sops for pharma R&D may be extended

September 2006
Chemical Business;Sep2006, Vol. 20 Issue 9, p67
Trade Publication
The article reports on the approval sought by the Ministry of Chemicals and Fertilizers of India from the Finance Ministry for the extension of the time limit of tax exemptions provided for research and development (R&D) activities in the pharmaceutical sector, in September 2006. Department of Chemicals and Petrochemicals secretary Satwant Reddy says that the tax exemption on R&D has been under consideration by the Ministry of Chemicals. The tax incentives will expire on March 31, 2007.


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